NCsoft Selling All NC Interactive Shares, Changing Its Organization
By Date: 12-13-2012 Views:
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Korean MMO publisher NCsoft is planning to sell its shares of the company's North American online games branch in order to establish a new Western subsidiary, according to a Reuters report. NCsoft will sell its 809 million shares on Dec. 24 for 78,348,368,000 South Korean wons, or USD $72,926,269. A separate Reuters report notes that the company will also set up a new wholly-owned subsidiary in the US to handle MMO business with Europe and North America.
NCsoft rebuilds NA & Europe organizations as a holding company system.
NCsoft announced that they established NC West Holdings on the 24th of November as the holding company of NA & Europe organizations. Total shares of NC Interactive and Arenanet are invested in kind to the holding company.
Because NCsoft has 100% shares of the holding company, they will manage NA & Europe organizations as well. Originally, NCsoft split its western business organization into three; NC Europe, NC Austin, NC interactive. Later, NC West united NC Europe, NC Austin and Arenanet.
Development & publishing organizations will be belong to NC West Holdings. NC Interactive will take care of Aion, Blade&Soul while Arenanet for Guild War 1&2 and Carbine Studio for Wild Star independently.
Source: GamePolitics
