NEXON Korea Corporation signed a contract to acquire 21.36% stake in N Media Platform from Mgame Corp. (KOSDAQ:A058630) for KRW 3 billion on June 22, 2016. NEXON Korea Corporation will acquire 6,407 shares of N Media Platform at a price per share of KRW 476,667 in the deal. Post-completion, Mgame Corp will not hold any stake in N Media Platform. The Board of Mgame Corp resolved the deal on June 22, 2016 and the deal is expected to close on June 22, 2016. As on June 23, 2016, the scheduled completion date is revised to July 1, 2016. NEXON Korea Corporation completed the acquisition of 21.36% stake in N Media Platform from Mgame Corp. (KOSDAQ:A058630) in June 2016.