Tencent Holdings Limited (SEHK:700) is considering a bid for the holding company, NXC Corporation that controls NEXON Co., Ltd. (TSE:3659), two sources with knowledge of the matter told Reuters. Tencent is looking to enlist co-investors, the sources said. One of the sources also said private equity firms are studying options for a deal, including taking the listed company private.

The Maeil Business Newspaper said Tencent has picked The Goldman Sachs Group, Inc. (NYSE:GS) as adviser, citing unidentified sources. NXC and Tencent declined to comment.