Netmarble chief to buy W374b Tencent stake to tighten control

Netmarble Chairman Bang Jun-hyuk will spend 374 billion won ($270 million) to buy most of Tencent affiliate Han River Investment’s stake in the Korean game developer, tightening his control while removing a potential share-sale pressure. According to Netmarble on Friday, the transaction was made as Han River Investment looked to sell a part of its 18.1 percent stake in Netmarble. Bang agreed to purchase 11.15 million shares, which are priced at 33,538 won each. The transaction is scheduled to cl

By The Korea Herald