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Taiwan trade commission to question Nexon on alleged hostile takeover

Friday, May 18, 2012
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Taiwan's Fair Trade Commission said Thursday it will interview representatives of South Korean online gaming giant Nexon Co. next week in light of the company's alleged hostile takeover bid of Taiwanese gaming firm Gamania Digital Entertainment Co., Taiwan's official Central News Agency reported.

The commission will ask Nexon to comment on its definition of Gamania's market share, the particular field it defines Gamania as being in, and its current relations with Gamania -- vital information in discerning whether Nexon has violated Taiwan's Fair Trade Act, said Fair Trade Commission Chairman Wu Shiow-ming at a legislative meeting.

Taiwan's Fair Trade Act stipulates that any planned merger involving a company with more than a 25 percent market share in a particular field must be reported to Taiwan's authorities, the news agency said.