Tencent said reports that it is studying deals for Nexon (3659.T) and Kakao's (035720.KS) mobility unit are untrue.
The Korea Economic Daily reported on Wednesday that Tencent was interested in buying a 40% stake in Kakao's mobility unit from financial investors.
Bloomberg reported last week that Tencent was studying a deal for $15 billion South Korean game developer Nexon.
