Rumors that Chinese Tech Giant Tencent Will Acquire the Company Behind This Altcoin Listed on Binance Have Been Denied – Insider Source Speaks Out

The Chinese technology giant responded to the claims that “Tencent is planning to buy Nexon”, which have been on the agenda in the gaming world in recent days. According to information provided by a source close to Tencent, it was stated that the company neither contacted the family of Nexon founder Kim Jung-ju nor made any evaluations regarding the purchase of Nexon.

Recently, some media outlets published reports that Shenzhen-based Tencent was considering purchasing South Korean game developer Nexon at a valuation of US$15 billion (approximately 107.7 billion yuan) and had sought the opinion of the founding family in this regard.

In previous allegations, it was claimed that Tencent wanted to acquire Nexon, which was founded in South Korea in 1994 and went public in Japan in 2011, in order to further consolidate its strong position in the gaming industry.

Known for its role-playing games, Nexon has gained a large fan base, especially with “MapleStory.” The company announced the “MapleStory Universe” project, the Web3 version of this iconic game, on the Avalanche network in March. The native token of this new version, NXPC, was listed on major cryptocurrency exchanges such as Binance, Bybit, Bitget, Upbit and Bithumb in mid-May.

*This is not investment advice.