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    SNK Reportedly Acquired by The Crown Prince of Saudi Arabia

    By Christian PepitoNovember 26, 20201 Min Read
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    Rumor has it that popular game studio SNK was purchased by a Saudi-based gaming company and it is funded by none other than the Crown Prince of Saudi Arabia.

    The King of Fighters 2000

    The report shared on ResetEra revealed that SNK was bought by Saudi-based Electronic Gaming Development Company or shortened as EGDC. Since it is 100 percent funded by the Saudi Crown Prince, technically it will be his.

    The Korean site Bloter (the link ResetEra sourced from) reported that on this day, SNK announced that it has now signed a stock transfer agreement with the Saudi-based EGDC. Here’s the rest of the report:

    The Daebuho, who signed a contract of 200 billion won, was found to be the crown prince of Saudi Arabia’s Mohamed bin Salman bin Abdulaziz al-Saud. He is the largest shareholder of EGDC, owning 100% of his Mohamed bin Salman bin Abdulaziz Al-Saud Foundation. However, SNK apparently details that “if the contract proceeds, the largest shareholder will change on January 12 next year.

    SNK has not publicly confirmed this, but we should be hearing from them soon.

    Thanks DualShockers!

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    Christian Pepito

    Meet our dedicated gaming news writer, a true aficionado of hardcore JRPGs, PS1 Classics, and the thrill of stealth-action games. He enjoys playing the games he collects, friendly or competitive tabletop card games, and is constantly on the quest for the ultimate ramen experience.

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