no img no img

Write what you are looking for and press enter to begin your search!

Logo
live-news-icon

Live News

Malaysia To Host Its Own Video Game Music Symphony This December: In an intense match, the Lone Wolves came out victorious. Read all about the big night here // Honkai Star Rail 2.7 Update Takes Off From Penacony For Real This December: In an intense match, the Lone Wolves came out victorious. Read all about the big night here // Dragon Ball Z Kakarot Dragon Ball Daima DLC Launches In 2025: In an intense match, the Lone Wolves came out victorious. Read all about the big night here
post-16 post-13

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.

 

Related News

post-07
Barton Lynch Pro Surfing Slides On PC, PS5 & Xbox Series Today

The Western Australian-based studio Bungarra Software has announced that their upcoming surfing sports simulation game Barton Lynch Pro Surfing will o...

post-07
Baldur's Gate 3 Will Feature Paladins, A Reaction System, And Matt Mercer As Minsc

The latest Panel From Hell from Larian Studios is focused on new and major Baldur's Gate 3 changes and its now-out Patch 9. The game will get a new P...

post-07
Something Awesome Is Coming Up ....

Keep your calendars clear on the weekend of 27th - 28th January 2018 folks, as we have something awesome in the pipeline. We can't reveal much at the ...

Write a comment

Your email address will not be published. Required fields are marked *

Comment(1)

  1. 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 […]

Tournament Tool Kit

Kakuchopurei Community

Popular Posts

post-17
Ultraman Rising’s Ultraman & Emi Are In Gigabash: Check Out Their Moves Here
post-17
Vampire Survivors: Ode To Castlevania – All New Weapon Evolutions
post-17
Infinix Teams Up With Honor Of Kings & Mediatek For Pro-Powered Gaming Phone Showcase
post-17
Four Ways to Increase Your Chances of Winning in EA Sports FC 25’s Rush
post-17
Romancing SaGa 2: Revenge of the Seven – Post Game Guide & New Game+
post-17
Romancing SaGa 2: Revenge Of The Seven – How To Unlock All Classes & Races
post-17
Diablo 4: Vessel Of Hatred – 10 Ways To Maximize Your Demon-Slaying Fun In Sanctuary
post-17
Metaphor: ReFantazio Endings Guide – How To Avoid All Bad Endings
post-17
Diablo 4 Vessel of Hatred: Kurast Undercity Guide
post-17
Diablo 4 Vessel of Hatred: All Runes Tier List
post-17
Diablo 4 Vessel of Hatred: Season 6 Classes Ranked & Best Builds
post-17
Diablo 4 Vessel of Hatred: All New Uniques In The Expansion
post-17
From Game Changer To Growth Spurt: Ammobox Studios’ CEO Unveils What’s Next
post-17
The Best PC Games To Play Right Now
post-17
Fatal Fury: City of the Wolves – What You Need To Know About The Upcoming 2025 Fighting Game From SNK
post-17
Deadpool & Wolverine: Most Iconic Team-Ups & Moments In Comics, Movies & TV
post-17
Main Game: How To Watch Malaysia’s Best Video Game Show Created By Kakuchopurei & RTM
post-17
Hawkeye Episode 6 Finale Easter Eggs & Breakdown
post-17
Marvel’s What If…? Crew Explains Why They Went 3D Over 2D & A Scrapped Episode That Was Too Close To GOTG 3
post-17
We Talk To Hayden Christensen About Star Wars, Sequels, & Prequels
post-17
Sea Of Stars Might Get DLC Post-Launch
post-17
The Book Of Boba Fett Episode 7 Breakdown & Easter Eggs Explained