The Founder of NEXON Co., Ltd. (TSE:3659) is set to sell a controlling stake worth around $9 billion in Nexon's holding firm NXC Corporation, the Korea Economic Daily newspaper reported. The value of the stake up for sale was estimated at KRW 10 trillion ($8.9 billion), the paper said, citing unidentified industry sources. Deutsche Bank Aktiengesellschaft (DB:DBK) and Morgan Stanley (NYSE:MS) have been selected to manage the sale, the report said.

Deutsche Bank and Morgan Stanley were not immediately available for comment. The potential buyers include Kakao Corp. (KOSE:A035720) and Netmarble Corporation (KOSE:A251270), as well as Tencent Holdings Limited (SEHK:700) and Electronic Arts Inc. (NasdaqGS:EA), the newspaper reported citing unnamed industry sources.

NXC Corp spokeswoman declined to comment. Nexon Founder Kim Jung-ju would sell a total of 98.64% stake in NXC Corp held by himself and related parties including his wife, according to the media report.