South Korean game developer Wemade founder Park Kwan-ho has agreed to sell his controlling stake to NeoPulse, the Korean subsidiary of Hong Kong-based investment company Shengsong Investment.
As reported by The Korea Herald, Park signed a stock purchase agreement to sell his entire 39.33% stake in the company for approximately 920 billion won ($593 million). Once the transaction closes on October 30th, NeoPulse will hold a 40.25% stake in Wemade.
