Photo: Fayez Nureldine (Getty Images) Electronic Gaming Development Company (EGDC), a subsidiary of a foundation run by Saudi crown prince Mohammed bin Salman, now owns 96.18 percent of Japanese developer SNK following a massive investment. According to an announcement sent to SNK investors in February, EGDC recently acquired a majority of SNK’s shares on the …
Crown Prince Mohammed bin Salman, chair of the Public Investment FundPhoto: Anadolu Agency (Getty Images) It’s being reported by multiple outlets that ESL, one of the world’s oldest and biggest esports companies, has been bought for $1 billion by Savvy Gaming, an esports investment company that is backed by the Saudi Arabian Government’s wealthy and …