Crown prince of Saudi Arabia's Electronic Gaming Development Company acquires 5% stake in Capcom
Saudi Arabia's Electronic Gaming Development Company (EGDC), a subsidiary of the Misk Foundation, has acquired a 5% stake in Capcom, reportedly as a pure investment. This follows a similar acquisition of Capcom shares by the Public Investment Fund (PIF) in 2022. The article also includes commentary from Hasbro CEO Chris Cocks on the challenges and future of the video game industry, including cost inflation, talent acquisition, and the potential of AI.
- Entities
- Company: Electronic Arts
- Topic: Investment
- Company: Electronic Gaming Development Company
- Company: Nexon America
- Company: SNK
- Topic: Artificial Intelligence
- Company: Take-Two Interactive
- Company: Savvy Games Group
- Topic: Video Game Industry
- Company: Hasbro
- Person: Chris Cocks
- Company: Bandai Namco Entertainment
- Company: Nintendo
- Company: Koei Tecmo
- Company: NCsoft
This article was reported and published by gamesindustry.biz. feed.gg links to it as part of a story cluster — full text, images and rights remain with the publisher.