Nexon GT Co., Ltd. (KOSDAQ:A041140) agreed to acquire Well Games Co., Ltd. from Byungju Kang, Woojae Lee, Seunghyun Hong, Juhwa Hong and Sunghwa Hong for KRW 21.1 billion on May 12, 2016. Under the terms of the deal, 60,000 shares of Well Games will be acquired. The payment will be made on May 12, 2016. The transaction will be financed from cash in possession. As per the amendment on December 27, 2016, Nexon GT Co., Ltd. agreed to pay an additional payment of KRW 1 billion to some sellers if the operating profit of Well Games Co., Ltd. in the fiscal year of 2016 meets certain criteria. For the year ended December 31, 2015, Well Games reported total assets of KRW 1.24 billion, stockholders' equity of KRW 1.06 billion, sales revenue of KRW 1.97 billion and net profit of KRW 1.05 billion. The deal is expected to complete on May 12, 2016. Deloitte Anjin LLC acted as external rating institution. Nexon GT Co., Ltd. (KOSDAQ:A041140) completed the acquisition of Well Games Co., Ltd from Byungju Kang, Woojae Lee, Seunghyun Hong, Juhwa Hong and Sunghwa Hong on December 31, 2019.