SNK Reportedly Acquired by The Crown Prince of Saudi Arabia

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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.

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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!