Gaming Co. Nexon Korea Refutes Rumors It Will Buy Crypto Exchange Bitstamp

Video game company Nexon Korea has denied that they are in talks to acquire the Bitcoin (BTC) exchange Bitstamp, local news outlet The Korean Herald reported yesterday, April 25.

The company’s denial comes after Business Insider wrote yesterday about a possible deal rumoured between Nexon Korea and Bitstamp, where the latter would acquire the former for around $350 mln. In late March, Cointelegraph wrote about reports that Bitstamp was to be sold to unnamed South Korean investors for around $400 mln.

Nexon Korea CEO Lee Jung-hun said at a press conference at Nexon Korea headquarters Wednesday, April 25, that “Nexon Korea does not have anything to do with a Bitstamp acquisition,” adding:

“We do not have any plans to link cryptocurrencies with our game business.”

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