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South Korea: Leading game companies earn merger clearance

 |  December 9, 2014

South Korea’s two largest game companies have received approval from the nation’s Fair Trade Commission to merge their operations, reports say.

Nexon bumped its stake in rival NCSOFT to 15.1 percent last October, triggering the merger review threshold set by the government. Nexon said Monday that it was notified by the FTC that it has been cleared to move forward with integrating the two companies.

Nexon has no plans to fully acquire NCSOFT, however. “We respect the commission’s decision,” a spokesperson for Nexon said. “But we do not plan to purchase extra shares of NCSOFT as of now.”

According to reports, the FTC did not find evidence that the 15.1 percent ownership of NCSOFT by Nexon would create a monopoly.

Full content: Korea Times

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