Nexon has announced that it merged two of its development teams: Boolean Games and Nexon Red. In order for this to happen, they had to acquire all shares of Nexon Red which had previously been a standalone studio.
According to the press release the merge’s main aim is to reinforce the company’s development capabilities by “organically integrating the know-how and resources of each development corporation through the restructuring of its affiliates.” The best part of the news is that it appears that no jobs will be lost in the merger. Fantastic news for this festive time of year.
Nexon has had a bit of an odd year. For most of it, founder Kim Jung-ju had been building up to sell his 98.64% stake in the company, a deal that was worth an estimated $9 billion. However, when it came to bidding for that share they got a few offers that were too low and Tencent with Netmarble failed to convince him that they could finance the purchase. After the sale fell through, stock prices tumbled and a number of their projects that had been previously announced were canned.
It will be interesting to see what comes out of this new studio merger. Nexon Red is known for games like Fantasy War Tactics and Alliance X Empire (AXE) while Boolean Games is known for Darkness Rises.