MBS and SNK? [Nov 26, 2020, 3:19 pm ET] – 3 Comments
Reports
are emerging that a portion of SNK is being purchased by a Saudi company
called Electronic Gaming Development Company (EGDC). This unconfirmed story is
causing a stir as EGDC is reportedly funded by Mohammed bin Salman, the Saudi
crown prince who the
CIA says ordered the assassination of journalist Jamal Khashoggi. There's
more on the deal
on Kotaku:
Previously, the majority stake in SNK was owned by Hong Kong-based Zuikaku Co., Limited, which owned 33.16 percent of SNK’s shares. Perfect World, China’s third-largest game company, owns 18.23 percent, while, while yet another Hong Kong entity owns the remaining 6.6 percent.
Electronic Gaming Development Company will purchase 28.8 percent of Zuikaku’s stake, a total of 6.06 million shares. After three months, the Saudi Arabian company has the option to purchase more shares, including Perfect World’s stake.
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