FGC esports is getting taken over: Saudi Arabia’s EGDC acquires large Capcom stake after taking over SNK Corporation

I think Saudi Arabia has realized the FGC has no money, making it pretty easy to buy everything and take it over. According to GameBiz, the Saudi-based investment firm Electronic Gaming Development Company (EGDC) has acquired a large stake in Capcom. As of March 13th, EGDC owns a 5.03% stake in Capcom following the purchase of 26,788,500 shares…
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Jonathan Jeriah

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