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Saudi Arabian games company EGDC (largest shareholder: the Crown Prince) becomes largest shareholder (33%) in SNK

Eroke

Eroke

Member
Oct 27, 2017
518
From what I understand from reading the article is that SNK Is being bought by a Saudi company called EGDC.

However, the purchase was 100% funded by the Saudi Crown Prince. He is the largest shareholder of EGDC.
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thanks !

Oil money swallows SNK​


On the 26th, SNK signed a stock transfer agreement with Saudi Arabian game company'Electronic Gaming Development Company (EGDC)', which entails a change of the largest shareholder. Through this, SNK shares purchased by EGDC amounted to 6,06,579,98, and the transfer price alone amounted to 207.3 billion, 4572 million won. The related transfer agreement will also include 94,7781 shares of China's Perfect World, the current second largest shareholder.​
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www.bloter.net

[단독]사우디 왕세자, '킹오파 개발사' SNK 인수한다

사우디아라비아의 '모하메드 빈 살만 빈 압둘아지즈 알-사우드' 왕세자가 '킹 오브 파이터즈(KOF)' 개발사 SNK를 인수한다. SNK 인수가는 약 2100억원에 달
www.bloter.net www.bloter.net

owner info

en.m.wikipedia.org

Mohammed bin Salman - Wikipedia

en.m.wikipedia.org en.m.wikipedia.org

Bought by a Saudi Company -- no problem
When that company is 100% owned by Crown Prince Mohammed bin Salman that's what people are pissed about so please hold your disdain for those who truly deserve it. Highlights include:
  • According to human rights groups, arrests of human rights activists have risen under Mohammed bin Salman
  • In 2017 it was reported that Saudi Arabia provided weapons to Syrian opposition groups, fighting against Bashar al-Assad's regime. Conflict Armament Research (CAR) reported that these weapons frequently ended up in the hands of the Islamic State members
  • In August 2016, Donald Trump Jr. had a meeting with an envoy representing Mohammed bin Salman who offered help to the Trump presidential campaign. The meeting included Joel Zamel, an Israeli specialist in social media manipulation.
  • n November 2017, Mohammed bin Salman forced the Lebanese Prime Minister Saad Hariri to resign when he visited Saudi Arabia
  • In February 2019, Mohammed bin Salman defended China's Xinjiang re-education camps for Muslims, saying "China has the right to carry out anti-terrorism and de-extremisation work for its national security."
  • It was reported on 22 January 2020 that a multimedia message sent from the WhatsApp account that allegedly belonged to Mohammed bin Salman resulted in the hacking of Jeff Bezos' cellphone.
and of course The assassination of Jamal Khashoggi

It's ok to call a piece of shit a piece of shit and though people on this board routinely shout "fuck Konami" at least they were not in bed with actual murderers like SNK are now.
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Last edited:
Caiusto

Caiusto

Member
Oct 25, 2017
3,739
This is so weirdly worded that I have no idea what it means. Oh I'm also sleep deprived which probably helps
 
Hybrid Rainbow

Hybrid Rainbow

Banned
Jun 23, 2019
6,446
200.gif
 
Nolbertos

Nolbertos

Member
Dec 9, 2017
3,310
Wow it was a matter of time that a Saudi Prince Gamer would invest in a gaming company. They could outbid MS on any gaming company if they wanted too. Saudi's have to diversify there portfolios as oil tends to be too chaotic in pricing.
 
Xiaomi

Xiaomi

Member
Oct 25, 2017
7,237
Uh what. KOF and SamSho now owned by the dude who murdered jamal khashoggi? No more SNK for me thanks.
 

Karsha

Member
May 1, 2020
2,497
Poor SNK, they have so much properties, no real company is interested in them? Why do they always end up bought by Chinese companies that uses them more for mobile game or now a Saudi one...
 
L Thammy

L Thammy

Spacenoid
Member
Oct 25, 2017
49,969
Haven't Saudi royalty been seen spending huge amounts on Steam? I don't feel like this is too surprising, just weird that it's SNK.
 
Pyro

Pyro

God help us the mods are making weekend threads
Member
Jul 30, 2018
14,505
United States
I didn't read the full title before clicking on here and was just ready to read some angry fanboys upset about a platform holder acquiring them, but now, what in the actual fuck?

8b6
 
Ushojax

Ushojax

Member
Oct 30, 2017
5,927
SAUDI SHODOWN

coming soon

pre-order now for exclusive Saudi Consulate Stage and Bonesaw weapon!
 
Max|Payne

Max|Payne

Member
Oct 27, 2017
8,948
Portugal
Honest question: how is this any worse than, let's say, being acquired by Tencent?

Edit: oh shit, right, the murders. I forgot about that. Yeah never mind.
 
LinkStrikesBack

LinkStrikesBack

One Winged Slayer
Member
Oct 27, 2017
16,348
P-Tux7 said:
I assume this "Saudi Crown Prince" is not a good person?
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Jamal Khasshogi was a journalist who was murdered and then dismembered with a bone saw (hopefully he was already dead by then...) inside a Saudi consulate most evidence pointing to it being on royal order, so yeah, not good people.
 
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