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Chinese language tech big Tencent has formally pushed again in opposition to current rumors suggesting it’s making ready to amass South Korean recreation developer Nexon.

A supply near Tencent said that the corporate has not initiated any contact with Nexon’s founding household nor performed inside discussions a few potential acquisition.

The denial follows a wave of media hypothesis claiming Tencent was contemplating a US$15 billion deal to purchase Nexon—an trade heavyweight behind fashionable titles like MapleStory. The experiences additionally alleged that Tencent had reached out to the household of Nexon founder Kim Jung-ju, in search of their perspective on a possible sale.

Though Tencent has made strategic investments in quite a few gaming firms prior to now, the supply emphasised that no talks or evaluations concerning Nexon have taken place.

Based in 1994 in South Korea and publicly listed in Japan since 2011, Nexon is finest recognized for its iconic RPG MapleStory, which stays a serious power in on-line gaming. In March, the corporate revealed MapleStory Universe, a Web3 reimagining of the sport constructed on the Avalanche blockchain. Its native token, NXPC, launched on a number of main exchanges—together with Binance, Bybit, Bitget, Upbit, and Bithumb—in Might.

Regardless of the excitement, Tencent’s response goals to place hypothesis to relaxation, no less than for now.

With over 8 years of expertise within the cryptocurrency and blockchain trade, Alexander is a seasoned content material creator and market analyst devoted to creating digital property extra accessible and comprehensible. He makes a speciality of breaking down advanced crypto traits, analyzing market actions, and producing insightful content material geared toward educating each newcomers and seasoned buyers. Alexander has constructed a status for delivering well timed and correct evaluation, whereas protecting a detailed eye on regulatory developments, rising applied sciences, and macroeconomic traits that form the way forward for digital finance. His work is rooted in a ardour for innovation and a agency perception that widespread schooling is essential to accelerating world crypto adoption.