NCsoft in talks to acquire Ntreev Soft
SK Telecom deal should reach a conclusion by end of July
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South Korean company NCsoft is apparently in talks with SK Telecom about a planned acquisition of its videogame company Ntreev Soft, developer of the successful Pangya golf game.
According to reports from Korea, the talks could reach a conclusion by the end of the month.
It was early June when SK Telecom announced it was selling a 63.7 per cent stake in Ntreev Soft, and both NCsoft and SK Telecom were rumoured to have shown interest in the company. The stake was expected to fetch 80-100 billion won.
NCsoft was founded in 1997, and focuses on MMORPGs including Guild Wars, City Of Heroes and Aion. In May it announced a 30 per cent rise in net profits.