Game developer Nexon says it will sell Six Waves to Stillfront for $93 million

FILE PHOTO: Logos of online gaming firm Nexon are seen at its main office building in Seoul December 14, 2011. REUTERS/Kim Hong-Ji

TOKYO (Reuters) - Japanese-South Korean game developer Nexon Co said on Thursday it would sell its 34.8% stake in Six Waves Inc to Sweden-based Stillfront Group AB for about $93 million, sending its shares up 6% in Tokyo trade.

Nexon made the investment in mobile game publisher Six Waves in 2011, aiming to expand in the social gaming field.