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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.
Business and Finance
A Saudi Arabian investment firm, which also owns SNK, has acquired a significant stake in Capcom. Separately, Niantic is leveraging data from Pokemon Go for applications outside of video games, such as aiding robot food delivery.
Another Saudi Firm Has Acquired Stake in Capcom
Saudi investment firm EGDC has acquired a 5.03% stake in Capcom, marking the second Saudi entity to invest in the company. Capcom also announced plans to reveal more games before the end of fiscal year 2027, focusing on both new and established series.
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.
Nvidia's Jensen Huang: 'I think the opportunity to invest $100 billion in OpenAI is probably not in the…
Nvidia CEO Jensen Huang announced that the company has finalized an agreement to invest $30 billion in OpenAI, a reduction from previous reports of a potential $100 billion investment. This significant investment underscores the rapid growth and importance of the artificial intelligence industry, despite OpenAI's reported dissatisfaction with Nvidia's GPUs.
Trump administration reportedly considering pulling Tencent's gaming investments, potentially hurting Epic and Riot
The Trump administration is reportedly considering actions against Tencent's investments in major gaming companies such as Epic Games and Riot Games. This potential move could significantly impact these developers.
Highguard's failure is emblematic of something that has tormented videogame investors for years now: past live service hits do not equal future live service hits
The failure of live service games like Highguard highlights a persistent problem for investors: past success does not guarantee future hits. Even experienced developers like those from Apex Legends and major companies like Riot Games and Valve have struggled to replicate live service success, leading to cancellations and layoffs across the industry.
Tekken and Pac-Man owners Bandai Namco announce major restructure with investment from Sony
Bandai Namco Holdings is undergoing a significant company-wide restructuring effective April 1st, impacting its film, toy, arcade, and video game divisions. This comes as Sony invests approximately $464.5 million for a 2.5% stake and Nintendo acquires Bandai Namco Studios Singapore. The company has also seen layoffs and game cancellations in the past year.
