June 28, 2022

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SNK now owns 96% of this politician

Japanese company SNK Now more than 96% is owned by a politicianSaudi Arabia, And the move was widely commented on in the media. We return to the latter Try to understand why.

The maneuvers of Saudi Arabia

With strategic investments in such companies, Saudi Arabia has spent the past year in making payments in the gaming sector. Activision Blizzard, Electronic Arts, Take-Two Interactive, Capcom & Nexon.

These purchases are part of the “Saudi Vision 2030” strategy, as are many of the operations in which Mohammed bin Salman (Crown Prince in charge of the country) is the operator. He is coming to powerIt should, on paper, diversify the state (almost exclusively oil) economy.

Impressive figure about snk

According to the notice sent to investors from SNK (This is not an acronym for, here Shingeki no Kyojin, But good Japanese video game development company, for example, King of fighters) Last February, the Electronic Gaming Development Corporation (EGDC), a subsidiary of a Saudi prince-led trust Mohammed bin Salman96.18% stake in the company, Following the massive investment. According to SNK’s report, EGDC bought 14,048,218 shares for a total of 522 billion KRW (approximately மில்லியன் 400 million).

The political recovery of this fact, Which not only diversifies the country’s economy, but also makes it possible to soften the image of Saudi Arabia internationally. Mohammed bin Salman has been its owner since 2017. Solvator MundiWill be assigned Leonardo da Vinci, He bought for $ 450 million. And speaking of video games, if you want to know which video game features Rockstar is going to revive, You can consult Our previous article on this topic.

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