SNK Signs Deal For Future Majority Shares Transfer To Saudi Crown Prince-Backed EGDC

Well, okay then I guess.

Posted By | On 26th, Nov. 2020

samurai shodown neogeo

2020 has been a strange year, no doubt. It’s been one that has been sad, enraging, heartbreaking and just plain odd. It’s brought many folks, and one could argue international society at large, about as close to the edge as one can imagine before tipping over. Also, guess it’s going to be the year when the Saudi Crown Prince kind of bought SNK?

As reported originally by Korean site Bloter and translated by the folks on the ResetERA gaming forums, apparently the majority shareholder in SNK is a games company based in Saudi Arabia called Electronic Gaming Development Company, or EGDC for short. What’s interesting here is that the majority shareholder in that company is the current Saudi Crown Prince Mohammed bin Salman, often shortened to MBS. While it was said SNK announced the deal, neither they nor the EGDC have made any public statements as of yet. It also seems the deal will not take effect until the beginning of next year (January 12th, to be specific), making the whole thing even odder.

SNK has been on something of a comeback as of late, releasing a new entry in their popular Samurai Shodown series to revive that franchise and was looking at releasing multiple games a year before COVID hit. There are…a lot of questions about this deal and the logistics of it seem strange, to say the least, so we’ll have to wait and see some more details about this in the future. But hey man, it’s 2020. SNK effectively being bought by the Saudi Crown Prince is…sure. Sure.


Amazing Articles You Might Want To Check Out!



Share Your Thoughts Below  (Always follow our comments policy!)



Keep On Reading!

Total War: Warhammer 3 Immortal Empire Starting Positions Revealed for Some Factions

Total War: Warhammer 3 Immortal Empire Starting Positions Revealed for Some Factions

Creative Assembly has revealed starting positions for some of the playable Legendary Lords in the upcoming Imm...

Pokemon Go Developer Partners With NBA for New Augmented Reality Game NBA All-World

Pokemon Go Developer Partners With NBA for New Augmented Reality Game NBA All-World

Pokemon Go developer Niantic has announced a partnership with NBA to launch a new basketball-centric AR game: ...

XIII Remake is Coming to Nintendo Switch on September 13

XIII Remake is Coming to Nintendo Switch on September 13

XIII Remake is coming to Nintendo Switch in September. The PC, PS4, and Xbox One versions of the game are also...

RimWorld: Console Edition is Coming to PS4, Xbox One on July 29

RimWorld: Console Edition is Coming to PS4, Xbox One on July 29

Colony simulator RimWorld is making its way to PS4 and Xbox One. The console release is set for July 29, and w...

God of War Ragnarok Will Reportedly Receive Something to “Give Fans Some Life” – Rumor

God of War Ragnarok Will Reportedly Receive Something to “Give Fans Some Life” – Rumor

Insider Tom Henderson says Sony and Santa Monica are "right now preparing to announce something," though it ap...

Mario + Rabbids Sparks of Hope – Missions, Weapons, Hero Techniques, Spark Abilities, and More Revealed

Mario + Rabbids Sparks of Hope – Missions, Weapons, Hero Techniques, Spark Abilities, and More Revealed

Travel the galaxy to save the Sparks from Cursa. The turn-based tactical strategy title is out on October 20th...