Disney Likely to Become New Owner of Bitstamp and Korbit, in a $13.2 Billion Nexon Shares Deal

Disney is already making moves which are likely to see it owning the oldest bitcoin exchange. According to a recent report, the company is currently looking to acquire a 98.6 percent stake in Nexon, South Korea’s largest game developer and the second-largest online games publisher in the world

Nexon Set to Sell for $13.2 Billion

The gaming giant which is partially owned by NXC (47 percent stakes) has since announcing plans to sell attracted various major entities. Major gaming firms like Tencent and Kakao, which have both reportedly ventured into the blockchain space and likely to launch their cryptocurrency-related projects soon have also shown interest.

However, Disney, is said to be the most prefers buyer, with the Chairman of NXC, Jung-Ju Kim, personally reaching out to the US corporation.

The deal which is worth about $13.2 billion will see to it that whoever buys the shares have access to European exchange Bitstamp via NXC’s investment structure NXMH, which was bought by the first for roughly $400 million in late 2018.
Furthermore, access to South Korean mainstream platform Korbit, in which Nexon has a 65 percent stake is part of the deal.

Disney is NXC Chairman’s Favourite

Although there are other companies in the race to acquire these shares, the NXC boss allegedly already made up his mind to sell to Disney. Going by a statement he made in 2015, which read:

“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, ”one can only assume the rumours of a Disney sales to be true.

With Disney having little experience in the cryptocurrency industry, the chances of it keeping on Bitstamp and Korbit after completing the acquisition is slim. However with both entities still performing and keeping up with its industry expectations, Disney could eventually keep them both on.

Just last week, Bitstamp was awarded a BitLicense certification to serve users in New York. The company stated in a blogpost that: “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, ”

With the bitlicense, it is clear that Bitstamp is ready for business in the U.S thus making the transition easy when Disney finally buys the shares.