NDoors, most noted for their development work in hit titles Atlantica and GoonZu has recently been acquired by Seoul, Korea based Nexon Corporation.
MapleStory, and arguably microtransactions founder, Nexon Corporation announced it’s successful majority stake purchase of fellow Korean MMO firm NDoors Corp. The deal saw 67 percent of NDoors’ stake sold to Nexon. This percentage also includes shares from the former NDoors chairman, Seong-Mun Kwon. This majority stake buy in will now give Nexon management rights as the largest shareholder. At the end of the day, NDoors will be incorporated as a subsidiary of Nexon.
The logic behind the buy in is that NDoors’ talent will increase the enterprise value and strengthen Nexon’s core capabilities.
“Nexon has been carrying out ongoing investment in the companies with outstanding development efforts” said Su-Min, CEO of NEXON. “NDOORS, as well as an excellent development capability with domestic and international publishing capabilities would be a big help to expand NEXON’s portfolio and to carry out a global expansion policy” he added.
First established in 1999, originally under the name Intizen Co., NDoors is based in Seoul, Korea, and has licensed a number of MMORPGs in Europe and Asia. In the North American market, NDoors Interactive has made strides in the free-to-play department with Atlantica Online, WonderKing Online, and Luminary: Rise of the Goonzu.
NDoors’ pulled down around $36.3 million in 2009, with an operating profit of $14 million, with 72 percent of total sales coming from overseas distributors.
Tags: atlantica online, maplestory, microtransactions, NDOORS, Nexon
