Games

Saudi Arabian charity Misk acquires a 33.3% stake in SNK

Mohammed bin Salman, the crown prince of Saudi Arabia, has purchased a 33.3% stake in Japanese game company SNK through the charity “Misk”.

As explained in a press release (via Google Translate), the deal costs Misuku about 815 million riyals ($ 216.7 million) and SNK is worth about $ 650 million.

This is not the last investment a charity makes Metal slug And Samurai spirits As a developer, Misk has bought an additional 17.7% of SNK’s stake, raising ownership of the company to 51% and giving it control.

Given the poor human rights records in Saudi Arabia, the deal is likely to be scrutinized, and a recent report from Human Rights Watch found that the current administration’s poor treatment of activists, women and migrants. It is emphasized (named, but part of the problem in the region).

Earlier this year, Misuk itself was reviewed by Saudi leaders after being associated with many alleged scandals. As reported by the Financial Times, some organizations and their staff have been linked to assassinations and espionage attempts, leading to questions about the integrity and purpose of charities.

SNK, which changed its brand name in 2016 after being acquired by a Chinese investor, has not yet publicly commented on the deal.

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