Two major cryptocurrency exchanges could soon have Walt Disney Corp. as their owner if a $13 billion equity deal goes through, South Korean English-language daily news outlet The Korea Herald reported on April 17.
NXC owns 47% of Nexon, South Korea’s largest game developer, which in turn has stakes in South Korean exchange Korbit and European platform Bitstamp through a Belgian subsidiary.
According to the source, Disney, with whom Kim has a close relationship, is already the preferred buyer, other competitors including Chinese internet giant Tencent and South Korea’s Kakao Corp.
The equity buyout would be worth 15 trillion won ($13.2 billion), and would give Disney a significant if coincidental foothold in the cryptocurrency exchange industry.
Bitstamp is the oldest major exchange still in operation, originally hailing from Slovenia, while Korbit began operations in 2013.
As Cointelegraph reported, last week saw another major investment in the South Korean exchange space, with the owner of fellow platform Bithumb gaining $200 million funding from a Japanese blockchain fund.