Write what you are looking for and press enter to begin your search!
Live News
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.
By Alleef Ashaari|January 16, 2023
HBO's The Last Of Us Episode 1 is now streaming on HBO and HBO GO (HBO Max in the US). The Last Of Us, based on the critically acclaimed video game...
By Alleef Ashaari|July 24, 2022
During San Diego Comic-Con 2022, Netflix unveiled a new trailer for The Sandman. The trailer shows The Corinthian (Boyd Holbrook) and Lucifer (Gwen...
By Alleef Ashaari|April 14, 2021
Chinese developer Perfect World Games has announced Code Name X, which will be the first mobile spinoff of the popular Persona 5 franchise (which s...
By Mr Toffee|February 2, 2024
By Team KKP|July 1, 2023
By Alleef Ashaari|August 2, 2021
By Alleef Ashaari|February 9, 2022
By Mr Toffee|February 2, 2024
By Team KKP|July 1, 2023
By Alleef Ashaari|April 24, 2024
By Mr Toffee|February 2, 2024
By Team KKP|July 1, 2023
Copyright @ Kakuchopurei 2024
SNK Is Now 96% Owned By The Saudi Arabian Crown Prince | KAKUCHOPUREI.COM
April 5, 2022 at 10:12 pm
[…] Company (EGDC), that is owned by Saudi Arabia crown prince Mohammed bin Salman, previously purchased a 33% stake and became SNK’s largest shareholder. As of now, however, the company is now fully owned by EGDC as it now has 96.18% of its shares. This […]