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Japanese online gaming firm Nexon’s incoming CEO eyes U.S. acquisitions

14
Feb
2014

By Malathi Nayak SAN FRANCISCO (Reuters) – Japanese online gaming firm Nexon Co Ltd will begin to aggressively explore U.S. acquisitions to further a long-standing plan to expand in Western markets, its CEO-elect Owen Mahoney said. We continue to believe that North America is a big, big opportunity for us, Mahoney said in an interview with Reuters late on Wednesday ahead of the companys announcement that he would succeed current Chief Executive Officer Seungwoo Choi in March. Mahoney, currently Nexons chief financial officer, led mergers and acquisitions and business development at Electronic Arts Inc for about a decade before joining Nexon, which is known for free-to-play PC games like combat title DungeonFighter and MapleStory. He said Nexon would be open to using its cash balance to acquire games that would help it build a strong footprint in the West.

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