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Thread: Saudi Crown Prince to acquire SNK

  1. #1
    Fio's Quartermaster
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    Saudi Crown Prince to acquire SNK

    Rumor

    From what I understand from reading the article is that SNK Is being bought by a Saudi company called EGDC.

    However, the purchase was 100% funded by the Saudi Crown Prince. He is the largest shareholder of EGDC.
    Oil money swallows SNK​


    On the 26th, SNK signed a stock transfer agreement with Saudi Arabian game company'Electronic Gaming Development Company (EGDC)', which entails a change of the largest shareholder. Through this, SNK shares purchased by EGDC amounted to 6,06,579,98, and the transfer price alone amounted to 207.3 billion, 4572 million won. The related transfer agreement will also include 94,7781 shares of China's Perfect World, the current second largest shareholder.​
    Source
    Resetera Thread

  2. #2
    DOLLARS TRILOGY SUPERFAN

    "There are two types of people in the world... those with admin powers and those who dont. I DON'T"
    SouthtownKid's Avatar
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    4chan strikes again

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    Cheng's Errand Boy
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    Do you think the Saudi Crown Prince has an AES fullset?

  4. #4
    Cheng's Errand Boy
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    Let's ask the important questions here....

    What does this mean for Mai's jiggly bosoms?

  5. #5
    Fio's Quartermaster
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    Quote Originally Posted by Jumpingmanjim View Post
    Do you think the Saudi Crown Prince has an AES fullset?
    Sure but he never played Metal Slug 2.

  6. #6
    Reichsf?rer-Finnland
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    Quote Originally Posted by Jumpingmanjim View Post
    Do you think the Saudi Crown Prince has an AES fullset?
    I wonder if he has any freaked games?

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    Official NG Youngun Digmac's Avatar
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    Quote Originally Posted by Late View Post
    I wonder if he has any freaked games?
    I could see the prince having a freaked fullset.

  8. #8
    Dodgeball Yakuza
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    Someone was just telling me the other day that people in Saudi Arabia were buying up home carts and driving up prices with fuck you money. This is another level.
    http://img855.imageshack.us/img855/1130/blastcitylogo.jpg

  9. #9
    Official NG Youngun Digmac's Avatar
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    Quote Originally Posted by redfield0009 View Post
    Someone was just telling me the other day that people in Saudi Arabia were buying up home carts and driving up prices with fuck you money. This is another level.
    There’s been an uptick in Arab shelf collectors from what I’ve seen recently. It’s lame.

  10. #10

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    Quote Originally Posted by Hattori Hanzo View Post
    Everyone do yourself a favor and never go to Resetera.

  11. #11
    Robert Garcia's Butler
    Burning Fight!!'s Avatar
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    Be honest, you'd buy 90's toy plastique indiscriminately if you had infinite heritage oil money too. There's literally zero downsides to it aside from losing cred on neo hyphen geo dot com

    edit:

    Quote Originally Posted by Yoshi View Post
    Everyone do yourself a favor and never go to Resetera.
    yep
    Last edited by Burning Fight!!; 11-26-2020 at 04:39 PM.
    Play that shit like you just got your motherfucking check and couldn't come pick up the thang-KOF98

  12. #12
    Master Cylinder Evil Wasabi's Avatar
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    I’m sure that most of the Saudi collections are counterfeit from France/Spain/Thailand.
    All creature will die and all the things will be broken.

    Neo Geo Dip Switch wiki page

    Quote Originally Posted by ratson View Post
    Wyo really needs to stay off the weed.
    Stuff isn't doing him any good, wow.
    expert recommendation.

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    yagamikun's Avatar
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    Quote Originally Posted by redfield0009 View Post
    Someone was just telling me the other day that people in Saudi Arabia were buying up home carts and driving up prices with fuck you money. This is another level.
    Same! I've been noticing this trend over the past year. Hell, just yesterday I was talking to my partner and another member here about this exact thing and I wake up to find this - I literally lol'ed.
    Last edited by yagamikun; 11-26-2020 at 03:40 PM. Reason: grammar

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    King's Dry Cleaner
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    This is so bizarre. Those oil tycoon AES collectors really just went straight to the source. It also then may be time to offload all my home cart stuff to some Arabs for the bigbux.
    Last edited by Evan; 11-26-2020 at 04:30 PM.
    Alright, back again with THE IMMORTAL JOHN HANCOCK

  15. #15
    Igniz's Servant
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    The odd good modern title aside, the company is akin to a flaming tampon bin. It's time to laugh even harder at people outside of Saudi saying they hope to get into homecart collecting in 2020

  16. #16
    The b00bs.
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    https://kotaku.com/report-saudi-arab...1845760622/amp
    Hate kotaku, but this looks to be legit. :/

  17. #17
    A Broken Man LoneSage's Avatar
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    Noooo Japan

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    щ(゚Д゚щ) Dr Shroom's Avatar
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    nobody would give a shit about saudi arabia if it wasn't for the oil. it would be another shithole like yemen.

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    Fio's Quartermaster
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    [Update] SNK Sells 33% Interest to The Crown Prince of Saudi Arabia

    The agreement has not been confirmed by SNK as of yet.

    Update: While SNK representatives have not yet responded to DualShockers’ inquiries, reports are now citing instead that EGDC (acting on behalf of the Crown Prince) will own 33% following the finalization of the deal. While this wouldn’t constitute ‘control’ of the company, the report states it would place Saudi Arabia’s Mohamed bin Salman bin Abdulaziz al-Saud with the highest percentage of ownership within the organization.

    DualShockers will update the story as more information becomes available.
    Source

  20. #20
    drunk downunder!
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    Quote Originally Posted by tomlee80 View Post
    Let's ask the important questions here....

    What does this mean for Mai's jiggly bosoms?
    Don't expect her to be wearing a full length burqa in KOFXVI but there will be a new Islamic character, Fatouf and his SDM certainly will make you wear one.

  21. #21
    Fio's Quartermaster
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    Official press release in Arabic:
    https://misk.org.sa/blog/%d9%85%d8%a...7%d8%b3%d8%aa/

    In short, he will buy 51% and control SNK.
    Last edited by Hattori Hanzo; 11-27-2020 at 12:28 PM.

  22. #22
    KoF Grandmaster

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    I can already see the marked Nam copies becoming a sought after rarity.

  23. #23
    Who?
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    Quote Originally Posted by Dr Shroom View Post
    nobody would give a shit about saudi arabia if it wasn't for the oil. it would be another shithole like yemen.
    Please. Never die.

  24. #24
    Cheng's Errand Boy
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    This is fucking disappointing. I know SNK is no longer the company we grew with, but wholly fuck. I’m not saying I won’t buy SNK shit anymore because I’d be a huge hypocrite, but supporting what’s left of the company is going to line the pocket of one of the worlds biggest despots. All the shit I buy comes from China anyways and directly lines the pockets of the CCP, but SNK being majority owned by MBS is on a whole new level. Maybe Lukashenko is available to buy Sega’s arcade business and keep it afloat for a few more years.
    Whose mouth do I have to shit in to get some respect around here?

  25. #25
    MAX POWA SURGE!
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    Am i the only one who is hoping that this guys endless money and lack of sense might just have him tell SNK he wants them to start making neo geo games again?
    Quote Originally Posted by LoneSage View Post
    fuck this gay earth

    -starks out

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