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Michael","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/dotesports.com\/#\/schema\/person\/image\/695d2cd0063d91c4619527bf9f4a7b97","url":"https:\/\/dotesports.com\/wp-content\/uploads\/2023\/05\/Cale-Profile-pic-96x96.png?resize=96%2C96","contentUrl":"https:\/\/dotesports.com\/wp-content\/uploads\/2023\/05\/Cale-Profile-pic-96x96.png?resize=96%2C96","caption":"Cale Michael"},"description":"Lead Staff Writer for Dota 2, the FGC, Pok\u00e9mon, Yu-Gi-Oh!, and more who has been writing for Dot Esports since 2018. Graduated with a degree in Journalism from Oklahoma Christian University and also previously covered the NBA. You can usually find him writing, reading, or watching an FGC tournament.","sameAs":["https:\/\/x.com\/XJustified"],"url":"https:\/\/dotesports.com\/author\/cale-michael"}]}},"raw_content":"In November 2020, Electronic Gaming Development Company (EGDC) purchased 33.3 percent of SNK shares and hinted it wanted to become the majority shareholder in the future. And, as of Feb. 15, according to SNK\u2019s official website, that has officially become the case.\u00a0 According to the transaction report, EGDC now almost entirely owns the Japanese game developer, holding a 96.18 percent stake in the company. This deal was proposed on Dec. 17, 2021 and resolved at some point before being finalized on Feb. 15.\u00a0 SNK, which is best known for its history in fighting games, such as the recently released King of Fighters XV, have yet to make a statement regarding the exchange in shares.\u00a0 As for the impact of this move from EGDC, which is a subsidiary of Saudi Arabia\u2019s Mohammed bin Salman Foundation (MiSK Foundation), will have on the company, that is yet to be seen. Salman is likely best known internationally for several controversies, including the murder of Washington Post journalist Jamal Khashoggi in Istanbul, Turkey.\u00a0 EGDC has previously acquired upwards of five percent stakes in both Capcom and Nexon in February, along with other large gaming companies like Activision-Blizzard, Electronic Arts, and Take-Two Interactive in recent years. It is likely this will continue, with other potential investments further diversifying the controversial company\u2019s hold in the industry.","apple_news_notices":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/dotesports.com\/wp-content\/uploads\/2021\/03\/24220421\/24_nanakase09.jpg","_links":{"self":[{"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/posts\/568401"}],"collection":[{"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/users\/1706"}],"replies":[{"embeddable":true,"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/comments?post=568401"}],"version-history":[{"count":4,"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/posts\/568401\/revisions"}],"predecessor-version":[{"id":1465423,"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/posts\/568401\/revisions\/1465423"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/media\/377019"}],"wp:attachment":[{"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/media?parent=568401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/categories?post=568401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/tags?post=568401"},{"taxonomy":"invoiceable_action","embeddable":true,"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/invoiceable_action?post=568401"},{"taxonomy":"internal-label","embeddable":true,"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/internal-label?post=568401"},{"taxonomy":"article_type","embeddable":true,"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/article_type?post=568401"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/coauthors?post=568401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}

Saudi Arabian Electronic Gaming Development Company now holds 96.18 percent stake in SNK<\/title>\n<meta name=\"description\" content=\"This deal was quietly finalized in February.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dotesports.com\/fgc\/news\/saudi-arabian-electronic-gaming-development-company-now-holds-96-18-percent-stake-in-snk\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saudi Arabian Electronic Gaming Development Company now holds 96.18 percent stake in SNK\" \/>\n<meta property=\"og:description\" content=\"This deal was quietly finalized in February.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dotesports.com\/fgc\/news\/saudi-arabian-electronic-gaming-development-company-now-holds-96-18-percent-stake-in-snk\" \/>\n<meta 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Michael","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/dotesports.com\/#\/schema\/person\/image\/695d2cd0063d91c4619527bf9f4a7b97","url":"https:\/\/dotesports.com\/wp-content\/uploads\/2023\/05\/Cale-Profile-pic-96x96.png?resize=96%2C96","contentUrl":"https:\/\/dotesports.com\/wp-content\/uploads\/2023\/05\/Cale-Profile-pic-96x96.png?resize=96%2C96","caption":"Cale Michael"},"description":"Lead Staff Writer for Dota 2, the FGC, Pok\u00e9mon, Yu-Gi-Oh!, and more who has been writing for Dot Esports since 2018. 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This deal was proposed on Dec. 17, 2021 and resolved at some point before being finalized on Feb. 15.\u00a0 SNK, which is best known for its history in fighting games, such as the recently released King of Fighters XV, have yet to make a statement regarding the exchange in shares.\u00a0 As for the impact of this move from EGDC, which is a subsidiary of Saudi Arabia\u2019s Mohammed bin Salman Foundation (MiSK Foundation), will have on the company, that is yet to be seen. Salman is likely best known internationally for several controversies, including the murder of Washington Post journalist Jamal Khashoggi in Istanbul, Turkey.\u00a0 EGDC has previously acquired upwards of five percent stakes in both Capcom and Nexon in February, along with other large gaming companies like Activision-Blizzard, Electronic Arts, and Take-Two Interactive in recent years. It is likely this will continue, with other potential investments further diversifying the controversial company\u2019s hold in the industry.","apple_news_notices":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/dotesports.com\/wp-content\/uploads\/2021\/03\/24220421\/24_nanakase09.jpg","_links":{"self":[{"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/posts\/568401"}],"collection":[{"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/users\/1706"}],"replies":[{"embeddable":true,"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/comments?post=568401"}],"version-history":[{"count":4,"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/posts\/568401\/revisions"}],"predecessor-version":[{"id":1465423,"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/posts\/568401\/revisions\/1465423"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/media\/377019"}],"wp:attachment":[{"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/media?parent=568401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/categories?post=568401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/tags?post=568401"},{"taxonomy":"invoiceable_action","embeddable":true,"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/invoiceable_action?post=568401"},{"taxonomy":"internal-label","embeddable":true,"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/internal-label?post=568401"},{"taxonomy":"article_type","embeddable":true,"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/article_type?post=568401"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/coauthors?post=568401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}

Rokurou

{"id":568401,"date":"2022-04-05T21:19:12","date_gmt":"2022-04-06T02:19:12","guid":{"rendered":"https:\/\/dotesports.com\/?p=568401"},"modified":"2024-11-25T12:48:21","modified_gmt":"2024-11-25T17:48:21","slug":"saudi-arabian-electronic-gaming-development-company-now-holds-96-18-percent-stake-in-snk","status":"publish","type":"post","link":"https:\/\/dotesports.com\/fgc\/news\/saudi-arabian-electronic-gaming-development-company-now-holds-96-18-percent-stake-in-snk","title":{"rendered":"Saudi Arabian Electronic Gaming Development Company now holds 96.18 percent stake in SNK"},"content":{"rendered":"

In November 2020, Electronic Gaming Development Company (EGDC) purchased 33.3 percent of SNK shares and hinted it wanted to become the majority shareholder in the future. And, as of Feb. 15, according to SNK\u2019s official website, that has officially become the case.\u00a0<\/p>

According to the transaction report, EGDC now almost entirely owns the Japanese game developer, holding a 96.18 percent stake in the company. This deal was proposed on Dec. 17, 2021 and resolved at some point before being finalized on Feb. 15. <\/p>

SNK, which is best known for its history in fighting games, such as the recently released King of Fighters XV<\/em>, have yet to make a statement regarding the exchange in shares. <\/p>

As for the impact of this move from EGDC, which is a subsidiary of Saudi Arabia\u2019s Mohammed bin Salman Foundation (MiSK Foundation), will have on the company, that is yet to be seen. Salman is likely best known internationally for several controversies, including the murder of Washington Post journalist Jamal Khashoggi<\/a> in Istanbul, Turkey. <\/p>

EGDC has previously acquired upwards of five percent stakes in both Capcom and Nexon in February<\/a>, along with other large gaming companies like Activision-Blizzard, Electronic Arts, and Take-Two Interactive<\/a> in recent years. It is likely this will continue, with other potential investments further diversifying the controversial company\u2019s hold in the industry.<\/p>","protected":false},"excerpt":{"rendered":"