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Guess Who Owns The Majority Of SNK Now?
Never thought we’d see a figurehead of a country take over one of the 90s most prominent arcade game-making companies.
In recent news via Twitter’s Gatoray_KOF, SNK’s majority of shares has been purchased by the Saudi-based Electronic Gaming Development Company; about 33.3 percent. That’s not all though: the Saudi Crown Prince, Mohammed bin Salman bin Abdulaziz Al Saud, has funded the entire stock purchase. Seeing as he is the largest shareholder of the EGDC, you could say he owns a majority of SNK and its brands such as The King of Fighters, Metal Slug, Samurai Shodown, and Doki Doki Majo Shinpan!
The acquisition of SNK is part of the Prince’s “Saudi Vision 2030” program where the country wishes to diversify its economy from its oil-led businesses. Seems like technology and gaming is on the agenda if this purchase is anything to go by.
This also means that SNK may need to up their game when it comes to their PR due to this association. The Crown Prince is notorious for allegedly having a hand in assassinating Washington Post journalist and Saudi dissident Jamal Khashoggi, as well as other horrendous things.
That’s something worth considering before you go ahead and say “maybe all this oil money may help fund The King of Fighters XV“. Still, at least we know SNK might be in a healthy place if the Crown Prince is a fan of KOF and Metal Slug.