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Online games giant Nexon has invested close to $900 million in four major companies, including three games publishers.
The firm disclosed investments amounting to $874 million, spread across Bandai Namco, Konami and Sega Sammy, as well as toys manufacturer Hasbro.
The investments come after Nexon’s board approved plans to pour $1.5 billion into entertainment companies that “demonstrate the ability to develop and sustain strong, globally recognised intellectual property.”
The $874 million represents 58% of this authorised investment, so more announcements are likely to follow in future.
Nexon emphasised that these are “long-term friendly investments” with “no intention of acquisition