By using this site, you agree to our Privacy Policy and our Terms of Use. Close

Forums - Gaming Discussion - Crown Prince of Saudi Arabia's Foundation to Buy 51% Stake in SNK

Please tell me this is a hoax. No game developer in their right mind would ever sell to the foundation of a repressive shit stain like the Saudi crown prince. -_-

Here's an excerpt from Game Industry:

"The Mohammad bin Salman Charity Foundation is set to take a controlling stake in Japanese games firm SNK.

The not-for-profit organisation has invested around 813 million riyals ($223 million) in SNK, which gives it a 33.3% stake in the company, valuing the company at $669 million.

Reports of the deal have emerged in the last 24 hours, but now the foundation's official site confirms the details.

The investment itself was made through a wholly-owned subsidiary, referred to as the 'Electronic Games Development Company.' The two companies have previously worked together on the development of games, and training programs that saw young Saudis visiting Japan.

The agreement stipulates that the foundation will buy a further 17.7% of SNK's shares in future, granting it 51% ownership of the company.

As the name suggests, the Mohammad bin Salman Charity Foundation was established by Saudi Arabia's crown prince Mohammad bin Salman. Its stated goal is to invest in initiatives that will help "cultivate and encourage learning and leadership in youth for a better future in Saudi Arabia."

At the time of writing, SNK Corp's share price on KOSDAQ has surged as word of the deal spread on internet forums and social media. It rose 30% to 16,500 Korean won ($14.93).

However, the investment is likely to spark controversy, given past allegations against the nation and its leader."

SNK is now dead to me for selling so much to the nation that caused 9/11 and got away Scot free with it.



Around the Network

Fighting Games are so big in Saudi/Gulf Countries (especially Tekken)

Unless Saudi’s force some kind of Censorship then I wouldn’t worry much about it

if your worried about shady investments from countries with Human-Rights concerns then you might wanna check out Tencent as well.



B6a6es said:

Fighting Games are so big in Saudi/Gulf Countries (especially Tekken)

Unless Saudi’s force some kind of Censorship then I wouldn’t worry much about it

if your worried about shady investments from countries with Human-Rights concerns then you might wanna check out Tencent as well.

I don't buy from Tencent anyway.

Knowing what a dystopian hellhole Saudi Arabia is we can not only see Mai Shiranui in a burka, but SNK games are bound to be filled with propaganda against non-Muslims and Holocaust denial.

Fuck Saudi Arabia.



RIP SNK I will miss you



Bite my shiny metal cockpit!

Leynos said:

RIP SNK I will miss you

I'm thinking of deleting all the SNK games I have on Switch now, even though Metal Slug 2/X has a level where I get to pretend I'm gunning down members of the Saudi regime.



Around the Network

It is not unusual. Saudi Arabia elites have a lot of money. They tried to buy sponsorship into e-sports with Riot's League of Legends European division. Everyone including staff protested and managed to get it stopped, but the staff suffered unknown consequences.



Farsala said:

It is not unusual. Saudi Arabia elites have a lot of money. They tried to buy sponsorship into e-sports with Riot's League of Legends European division. Everyone including staff protested and managed to get it stopped, but the staff suffered unknown consequences.

These cockroaches are infesting everything they can get their oil dripping hands on.

If this were a just world then Saudi elites wouldn't be getting away with this horse shit constantly.



CaptainExplosion said:
Leynos said:

RIP SNK I will miss you

I'm thinking of deleting all the SNK games I have on Switch now, even though Metal Slug 2/X has a level where I get to pretend I'm gunning down members of the Saudi regime.

That's going a little far IMO. Their classic games will always be great and I will always love 90s SNK with Neo Geo. I just cannot support this guy for dismembering someone.



Bite my shiny metal cockpit!

CaptainExplosion said:
Farsala said:

It is not unusual. Saudi Arabia elites have a lot of money. They tried to buy sponsorship into e-sports with Riot's League of Legends European division. Everyone including staff protested and managed to get it stopped, but the staff suffered unknown consequences.

These cockroaches are infesting everything they can get their oil dripping hands on.

If this were a just world then Saudi elites wouldn't be getting away with this horse shit constantly.

And here i thought racism like this only existed on Twitter and Facebook.



Somini said:
CaptainExplosion said:

These cockroaches are infesting everything they can get their oil dripping hands on.

If this were a just world then Saudi elites wouldn't be getting away with this horse shit constantly.

And here i thought racism like this only existed on Twitter and Facebook.

I meant Saudi elites, not Saudi Arabians in general. You clearly didn't see the post I responded too, which said Saudi ELITES, not Saudi Arabian people.