SEOUL/HONG KONG -- Big-name Asian tech companies are facing off to acquire South Korean game company Nexon, in a deal that is expected to reach $12 billion and reshape the industry landscape.
Chinese powerhouse Tencent Holdings emerged as a shortlisted bidder for the Tokyo-listed Nexon this week. It is up against Kakao, the operator of South Korea's top messaging app, as well as other contenders, such as No. 2 South Korean game developer Netmarble.
