uhhh, just going off JP comments I've seen but apparently a company owned & funded by Saudi prince Mohammed bin Salman pretty much just bought SNK?! bloter.net/archives/483475🇰🇷
https://twitter.com/bloter_news/status/1331878365062598657
bin Salman's been hovering around the periphery of games forever and he has associated with Japanese devs & SNK in particular in the past
he's also obsessed with building some ridiculous autonomous cyber-city (to the point of forcing indigenous communities off their land, ofc)
he's also obsessed with building some ridiculous autonomous cyber-city (to the point of forcing indigenous communities off their land, ofc)
since I see lots of outlets going with this story, some clarification: bin Salman's company Electronic Gaming Development Company (EGDC) is buying out SNK's primary shareholder (a company owned by their current chairman) as well as SNK's treasury stock for a 33.3% stake
they're also buying shares in SNK's #2 shareholder Perfect World Games (who ppl might know as the CN-side publisher of DOTA2 & CS:GO)
the deal will potentially be finalised in January & the presumption is that high-level management will probably change fairly quickly thereafter
the deal will potentially be finalised in January & the presumption is that high-level management will probably change fairly quickly thereafter
this is the closest I've seen to an official statement about bin Salman's SNK acquisition, a press release from another company of his called Misk Foundation—they've been involved with a Saudi work exchange program, the KOF14 fan contest, etc misk.org.sa/blog/%d9%85%d8… (Arabic)
I can't read the statement so if anyone fluent wants to chime in, feel free, but just based on the percentages I see listed, it seems they're committed to buying more stock in the near future, bringing them to 51%?
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