Shulou(Shulou.com)11/24 Report--

CTOnews.com, September 12 (Xinhua)-- EGDC, a video game development company owned by Saudi Crown Prince Mohamed Ben Salman's Public Investment Fund (MiSK Foundation), bought 96.18% of SNK, the developer of the boxing king, in April.

One of the most senior developers of SNK recently said that the acquisition had no impact on the production of games, alleviating the concerns of some fans.

SNK is a Japanese video game company founded in 1978. The abbreviation of SNK originates from the Roman sound Shin Nihon Kikaku initials of Japanese New Japan Project, and its signature products include "Legend of hungry Wolf" series, "Dragon and Tiger Boxing" series, "King of Boxing" series, "serving Soul" series, "Alloy warheads" series and so on.

"for us, we are only focused on making games," SNK producer Yasuyuki Oda insisted when asked by foreign media VGC about SNK ownership. "We are not a political company or anything like that, so it will not affect us in any way."

Asked if the company could add a LGBT character to its game, Yasuyuki Oda said: "it has no effect on our creative output. We have complete freedom over what we want to create."

▼ "Boxing King 15"

Saudi public investment funds also own more than 5 per cent of Nintendo, Capcom and Nexon, CTOnews.com has learned. In December 2020, the fund invested more than $3 billion worth of shares in Activision Blizzard, EA and Take-Two.

Saudi officials have said these investments will help modernise the kingdom. According to the official website of the Saudi Public Investment Fund, the vision of the fund is to "become a global investment power and the world's most influential investor, create new industries and opportunities, shape the future global economy, and promote the economic transformation of Saudi Arabia".

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