US Edition16 Articles
16 Articles
EGDC Has Acquired A Significant Stake In Capcom As Well As SNK
The Electronic Gaming Development Company (EGDC), a Saudi-based investment firm, has acquired a significant stake in the Resident Evil and Street Fighter company, Capcom. A whopping 26,788,500 shares have been acquired for “pure investment purposes”, reported on March 13th by the Kanto Local Finance Bureau. This accounts for 5.03% of the shares in addition to [...] The post EGDC Has Acquired A Significant Stake In Capcom As Well As SNK first app…
Saudi Arabia Acquires Another 5% Of Capcom To Take Its Total Ownership To 10%
The Electronic Gaming Development Company (EGDC), a company with links to the Saudi Arabian Public Investment Fund, has acquired a further 5% of Capcom, taking its stake in the Japanese company to 10% as it continues to deepen its video game investment. As reported by Gamebiz, the EDGC has purchased 26.78m shares (5.03%) in the Resident Evil and Monster Hunter developer, with the EDGC claiming that this purchase is “pure investment” for the purp…
It's getting complicated to sell oil right now and sadly, it's not for ecological reasons. But Saudis have a plan B: video games. After buying EA, the new target is Capcom. The MiSK foundation (which already owns SNK) has bought 5% of Capcom. It's headed by Mohammed Bin Salman as well as the Public Investment Fund, which also owns 5% of the Japanese developer. In short, MBS now owns 10% of Capcom. It's going well, the studio...
Currently, Capcom could be said to be the most fit video game company. Resident Evil Requiem is the icing on its path to success for almost a decade, and they plan to continue growing with new games.Its great moment has not gone unnoticed by big investors, so it is logical that one of the world's great entertainment corporations has invested more money in them.We are talking about the Electronic Gaming Development Company, with the acronym EDGC,…
Saudi Arabia’s PIF Expands Gaming Push With New Stake in Capcom
See full bio Abdullah Waseem At T4G, my task is to cover the latest news around the gaming globe ASAP and with the utmost precision. I adore all the games and respect all the devs behind the amazing games that we get all year. So, whether it’s a PC or a Console game, I got it all covered. See full bio Story Highlight EGDC, a major Saudi investment firm, has acquired a significant stake in Capcom. The firm now holds around 5.03% stakes after b…
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