Former EA exec, Patrick Soderlund, founded the studio last year with Nexon as its only investor. The latest investment bolsters Nexon's shares to just under 73%.
Nexon was an initial investor in the studio founded by Patrick Soderlund. Embark will now become a consolidated subsidiary of Nexon as the developer continues working on two ambitious future projects. (Photo credit: Christian Petersen/Getty Images)
Disney, EA, private equity firms, and a consortium including Tencent couldn't win Nexon's hand in merger.
Even though Disney's CEO has said that the corporation's interests are in licensing, the House of Mouse may be angling for a majority share of Nexon and its IP.
Five companies will be vying for a 98.6 percent stake in MapleStory publisher Nexon, including Chinese mega-conglomerate Tencent.
The consortium, which had been originally comprised of Netmarble and Kakao, is looking to keep Nexon in Korea.
As reported by Korea Economic Daily newspaper, the online giant could be snatched up by Tencent, Electronic Arts or others.