Electronic Gaming Development Company
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Games Done Quick announces and then quickly cancels SNK-sponsored stream because of company's Saudi ownership
Games Done Quick (GDQ) cancelled a sponsored stream celebrating Metal Slug's 30th anniversary due to backlash over SNK's ownership by the Saudi-owned Electronic Gaming Development Company. GDQ stated they would not accept funds from the sponsor and apologized for failing to conduct a thorough review of the partnership, citing their commitment to human rights and inclusivity.
Tekken veteran Katsuhiro Harada to lead new SNK subsidiary
Tekken veteran Katsuhiro Harada has been appointed CEO of SNK's newly established subsidiary, VS Studio SNK. The studio aims to leverage combined technology and knowledge to deliver top-tier gaming experiences. SNK, now largely owned by Saudi Arabia's Electronic Gaming Development Company, is also expanding its global reach with new studios.
Saudi Investment Firm Has Increased Its Stake In Capcom
Saudi investment firm Electronic Gaming Development Company (EGDC) has increased its stake in Capcom to 6.04%, making it the fourth-largest shareholder. This investment, valued at approximately $617 million, follows EGDC's previous acquisition of a 5.03% stake. Capcom also announced plans to reveal more games before the end of fiscal year 2027, focusing on both new and established franchises.
Saudi Arabia’s EGDC Raises Ownership Stake in Capcom, Now Owns 6.04 Percent
Saudi Arabia's Electronic Gaming Development Company (EGDC) has increased its ownership stake in Capcom to 6.04 percent, acquiring an additional 1.01 percent. The EGDC, owned by Crown Prince Mohammed bin Salman, also holds a majority stake in SNK and is involved in the proposed acquisition of Electronic Arts by the Public Investment Fund, Silver Lake, and Affinity Partners.
ByteDance Sells Mobile Legends: Bang Bang Dev Moonton to Saudis for $6b
ByteDance has agreed to sell Moonton, the developer of Mobile Legends: Bang Bang, to Saudi Arabian-owned Savvy Games Group for over $6 billion. This acquisition is part of Saudi Arabia's significant investment in the gaming sector. Moonton's parent company, ByteDance, previously acquired the studio in 2021 but has since been divesting from its gaming ventures.
Saudi Arabia firm EGDC now owns 5% stake in Capcom
Saudi Arabia-based Electronic Gaming Development Company (EGDC) has acquired a 5.03% stake in Capcom, amounting to 26,788,500 shares, for pure investment purposes. This follows previous investments by Saudi Arabia's Public Investment Fund (PIF) in Capcom and other major gaming companies like Electronic Arts and Take-Two Interactive.
Saudi Arabia Fund Acquires Another Slice of Resident Evil Requiem Publisher Capcom, Upping Country's Ownership to 10% - IGN
Saudi Arabia's Public Investment Fund (PIF) and its subsidiary, the Electronic Gaming Development Company (EGDC), have increased their ownership stake in Capcom to approximately 10%. This move is described as a pure investment, with Capcom's Resident Evil 4 being highlighted as its fastest-selling installment.
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.
Saudi Arabia now owns just over 10% of Capcom, national investment company scoops up more shares
Saudi Arabian investment company Electronic Gaming Development Company has acquired just over five percent of Capcom, bringing their total ownership to over ten percent. This move signifies a significant investment in the Japanese game developer.
The Saudi company that owns SNK disclosed a 5% stake in Capcom
The Electronic Gaming Development Company (EGDC), a subsidiary of Saudi Arabia's Public Investment Fund through its MiSK Foundation, has disclosed ownership of 26,788,500 shares in Capcom. This move indicates a significant investment by the Saudi entity into the Japanese game developer.
Saudi Arabia now owns just over 10% of Capcom, as another national investment company scoops up more shares in the Resident Evil and Street Fighter publisher
An investment fund connected to Saudi Arabia's Public Investment Fund, the Electronic Gaming Development Company, has acquired approximately 5.03% of Capcom's shares. This brings Saudi Arabia's total ownership in the Resident Evil publisher to just over 10%, with the fund also holding full ownership of SNK. The EGDC stated the purchase is purely for investment purposes, aiming to profit from stock valuation increases.
Saudi Investment Firm Acquires A Significant Number Of Capcom Shares
Saudi Arabian investment firm Misk Foundation, through its Electronic Gaming Development Company (EGDC) branch, has acquired a 5.03% stake in Capcom. The firm, owned by Crown Prince Mohammed Bin Salman, stated the acquisition is for 'pure investment' purposes. This news comes as Capcom celebrates the success of Resident Evil Village and prepares to release new content for Street Fighter 6.
