According to news outlet Joong Ang Ilbo, Disney is first in line to win a bid of 98.6 percent stake in Nexon, the biggest game developer in South Korea and the second-largest online game developer in the world.
47% of Nexon is owned by NXC, whose chairman Jung-ju Kim, was the one that initiated the share sales.
JoongAng Ilbo reported that various major companies have shown interest in acquiring the stake. Among these companies are included Tencent and Kakao, both of which are currently developing proprietary crypto projects.
Disney, on the other hand, is the number one contender in the bid, with Kim directly contacting the US company.
If Disney manages to secure the $13.2 billion deal, it will gain access to major exchange Bitstamp through NXC’s investment structure NXMH, which acquired the platform for $400 million back in 2018.
Another exchange which can be accessed via owning the stake is the South Korean exchange Korbit, in which Nexon holds 65% of stakes.
Korea Herald reported that the NXC chairman had held a fondness for Disney for a while, suggesting who he would like to be the winner of the bid.
“What I envy the most about Disney is that they do not force money out of kids… (consumers) gladly pay Disney. Nexon has a long way to go. Some people hate Nexon to death,” he was quoted saying in 2015.
Disney has had barely any interactions with the cryptocurrency industry, excluding an uninspiring ICO project called ‘DragonChain’ in 2017.
Last week, Bitstamp was among the few crypto exchanges to obtain a BitLicense certification to offer its services to New York residents.
“We look forward to carrying the lessons we’ve learned in Europe over the ocean and helping to develop a better environment for all crypto businesses, both in the US and worldwide,” the company posted in their blog.
Korbit managed to keep its head above the water even though the 2018 bear market damaged its financial health quite a bit.