[Special Stock] Netmarble Rises on SpinX Acquisition
[Asia Economy Reporter Song Hwajeong] Netmarble's stock surged over 4% in early trading following the news of its acquisition of mobile social casino game company SpinX.
As of 9:10 AM on the 3rd, Netmarble was trading at 143,500 KRW, up 6,500 KRW (4.74%) from the previous day.
On the previous day, Netmarble announced that it had decided to acquire 100% of SpinX's shares for 2.19 billion USD (approximately 2.5 trillion KRW).
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Jaemin Ahn, a researcher at NH Investment & Securities, said, "Netmarble's acquisition of SpinX is positive in terms of expanding influence in the social casino market, diversifying its game portfolio, securing stable cash flow, and increasing the proportion of global sales."
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