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Saudi Arabian games company EGDC (largest shareholder: the Crown Prince) becomes largest shareholder (33%) in SNK
- Thread starter Eroke
- Start date
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.
Of course, someone with Korean knowledge should provide a more accurate translation.
However, the purchase was 100% funded by the Saudi Crown Prince. He is the largest shareholder of EGDC.
Of course, someone with Korean knowledge should provide a more accurate translation.
It's okay, don't worry, we'll probably get some better translated news of this and the title will be changed by mods.
This should be threadmarked/in the OP.
Yes
King of Fighters, which is made by Japanese developer SNK, who's also behind games like Metal Slug, Samurai Shodown or Fatal Fury.
Actually, SNK's output has been much better ever since they were bought by the Chinese company.
They released KoF 14, Samurai Shodown, various NGPC games on the Switch, and the Mini consoles.
Previously they were dormant.
Sorry but this means no more SNK games for me. What a huge shame.
2020 just can't get any fucking worse can't it? Fuck.
2020 just can't get any fucking worse can't it? Fuck.
And they're doing KoF XV which I was interested in seeing but now that's pretty much deflated
It's not a great title, and with an untranslated link in the OP, it is confusing. "EGDC (owned by Saudi Royal MBS) Acquires SNK" would be far better, and people could always just Google MBS to get an idea of who he is. Especially as he is not acquiring it, a company that he wholly controls is acquiring it.
The Chinese owners put SNK back to making games on consoles, arcade and PC. Prior to that purchase, they were only making pachinko and pachislot machines. The first thing the Chinese owners did was sell off/shut down the pachinko/pachislot side of SNK.
OP
OP
But that's just a roundabout way of saying that the Saudi Prince owns SNK.
The hell did I just read?
Hopefully that sweet oil money means they can keep making games for as long as possible. What happened to their previous owner (I believe it was a Chinese company)?
Hopefully that sweet oil money means they can keep making games for as long as possible. What happened to their previous owner (I believe it was a Chinese company)?
I think that the Chinese company is now the second biggest shareholder.
Oh, it's no problem. :) I wasn't being down on you, just was a bit confused, and trying to help. Don't need to apologise. :)
Yeah, but in terms of business, it's more accurate/less misleading, as there's a difference between a corporate entity (owned by a person) acquiring a company and a person acquiring a company.
What a shame this is really.
SNK was on the way back to being one of the best gaming companies only for this to happen.
I hate this. I really hate it.
SNK was on the way back to being one of the best gaming companies only for this to happen.
I hate this. I really hate it.
Probably nothing given it's been in development for a couple years now, but after that is anyone's guess.
Their previous owners were pretty decent, and released a lot of good games.
But if by "decent" you mean a platform owner like MS or Sony, well I'm glad that they can keep their games non-exclusive to a single platform.
Yeah. Really sucks that SNK's fate is always up in the air. Maybe this is just a title transfer and they continue like they have been. Maybe everything gets blown up. It always feels like they're getting hit with the reset button right when they have the opportunity to make moves.