Nexon Announces Strategic Investment in Rumble Entertainment

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TOKYO--(BUSINESS WIRE)--NEXON Co., Ltd. (“Nexon”) (3659.TO), a worldwide leader in free-to-play online games, today announced a strategic investment in Rumble Entertainment (“Rumble”), a leading developer of premium, multiplatform free-to-play games led by 15-year industry veteran Greg Richardson. Under the terms of the agreement, Nexon will make a cash equity investment in Rumble in exchange for a minority stake in the company. Financial details related to the investment were not disclosed. In