The 33.3% of SNK shares were bought for approximately $216 million, valuing the full company at around £648 million.
Announced by the MiSK organisation today, the move to acquire an SNK majority is described as a means of “empowering Saudi men and women through building economic partnerships, as part of the institution’s updated strategy to maximize the impact on youth empowerment.” MiSK has previously worked with SNK on video game and animation projects, creating training programs for aspiring Saudi game developers.
When asked for comment by IGN, SNK refused, aside from pointing to its stock transfer agreement.
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