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The Crown Prince Of Saudi Arabia Is Now SNK’s Largest Shareholder


Update: Deal will eventually gobble up 51% of the company.Update #2 : The Mohammad bin Salman Charity Foundation has confirmed that it is investing 813 million riyals ($223 million) in SNK, giving it a 33.3% stake in the company. That values the company at $669 million (thanks, GamesIndustry.biz).The purchase has been made via ‘Electronic Games Development Company,’ a wholly-owned subsidiary, and stipulates that the foundation will eventually purchase an additional 17.7% of SNK’s shares, giving it 51% ownership of the Japanese video game company. That would give the Prince – via his foundation and the EGDC – a controlling stake in the firm.Read the full article on nintendolife.com
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