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Saudi Arabia has bought a $1 billion chunk of Capcom and Nexon

Saudi Arabia’s sovereign wealth fund has invested in Capcom and South Korean online games publisher Nexon to the tune of over $1 billion.

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videogameschronicle.com
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shadowhaxor305d ago

Oh boy, this will go over well. This is the same sovereign that ordered the death of the journalist Jamal Khashoggi. Among other things.

ApocalypseShadow305d ago

Hence the term "resident evil."

304d ago Replies(4)
CorndogBurglar304d ago

Step 1: Buy Capcom
Step 2: ???
Step 3: Profit

TGJ4304d ago

Native Indian wiped
African who died building the USA
And You consider one person who died in the Saudi embassy which is considered Saudi soil I would continue of USA horrific history but you know” I can't breathe” just do what Americans does best keep pretending

+ Show (1) more replyLast reply 304d ago
GhostofHorizon305d ago

Government just needs to stay out of video games, period. I don't trust any of them to not push an agenda.

Crows90304d ago

Well it's not exactly governments pushing the agenda but instead the sponsors of the the different parties that push the agendas.

In some cases it's all the governments doing but it's not always that clear cut.

Knightofelemia305d ago (Edited 305d ago )

I knew Sony should have just purchased Capcom over Bungie. So since it's Saudi's I am guessing female leads will need to cover their heads and games will be heavily censored?

ApocalypseShadow305d ago

Nah. They're just looking for diversified profits. I'm sure they'll overlook those very sinful western things in favor of riches that come in black goo or green paper.

gangsta_red305d ago

Saudi Arabia doesn't own Capcom they just invested in it. Anyone else could still purchase Capcom with enough money.

Interesting enough from the article it says Saudi Arabia stands to make profit from the Activision deal because they invested in that before the MS takeover.

Could they know some insider information on some upcoming sales?

phoenixwing305d ago (Edited 305d ago )

Hopefully that inside information is Sony buying Capcom. I game on PC but still want Sony to do well in the console space

305d ago
Silly gameAr304d ago (Edited 304d ago )

Capcom might not have wanted to be bought. They might have wanted funding so they can keep doing their own thing. Saudia Arabia came out of left field though.

Jay767305d ago (Edited 305d ago )

At least nobody won’t buy Capcom now which is good for Multi platform owners I’m sure Sony would buy Square Enix and maybe sega instead now.

Rainbowcookie305d ago

If anything, Nintendo, but that is just the fanboy in me, I don't think it is possible nor plausible. The only reason they have an inside lane is nationality with both being Japanese companies. A handheld connect able switchlike console that can connect to Sony PS and then you have the creativity of Nintendo on a much more powerful console. Imagine VR. That would break the internet. Not gonna happen since nintendo is practically printing money

CorndogBurglar304d ago (Edited 304d ago )

This is just wrong lol. So Saudi Arabia invested in Capcom. Supposedly they invested in Activision previously too, and we all know who just bought them last month. They basically just want a piece of the profits from the sounds of things.

Eonjay304d ago

Maybe they bought the chunk to turn it for profit in what they think is an imminent purchase. This is approximately a 15% stake.

hotnickles305d ago (Edited 305d ago )

Please buy them Sony! Fast! Sony vs capcom? Put the EVO purchase to use.

Killer73nova305d ago (Edited 305d ago )

Sony only has like $10 billion to spend so I doubt it will be this year

305d ago
Melankolis305d ago

They can buy 15 to 20 Insomniac-level developers with that money, that ain't bad at all

305d ago
ABizzel1304d ago

@Killer

There's a HUGE value difference among the big publishers.... Capcom isn't even in the top 10 it's number 16 in revenue. In comparison Activision's revenue has consistently been around $6 - $7 billion, and Capcom has been $700 million.... There are more things to take into consideration, but Capcom is very purchasable as shockingly it is more of a Bethesda teir studio. Where Capcom gets expensive is legacy IP, but SF is the only one that still sees "consistent" production.

Capcom is being carried by Resident Evil and Monster Hunter which are two big franchises, both of which I can see Sony wanting to turn into a Live Service game if they acquired them. So it's very possible they could be bought.

+ Show (3) more repliesLast reply 304d ago
LOGICWINS305d ago

No, Sony shouldn't buy Capcom....it wouldn't be..."organic" 😏

305d ago
WGAF305d ago (Edited 305d ago )

"Organically change"?

Nobody want those processes, inorganic, GMO stuff no more. :)

DefiledViper304d ago (Edited 304d ago )

Microsoft’s reckless spending spree forces their hand. Should they just stand still while MS keeps subtracting entire multiplat game publishers from their ecosystem? Of course not. I hate this consolidate Spencer’s started, but now that it’s in full swing, Sony should absolutely buy Capcom and remove those games from Xbox. They need to fight back better than an SIE ww studios independent multiplat Bungie.

CorndogBurglar304d ago

@DefiledViper

Sony buying Bungie wasn't them "fighting back" at Microsoft. They were in talks to buy Bungie like 6 months ago. Before anyone even knew MS was buying Activision/Blizzard.

hotnickles304d ago

I would rather Sony or Ms buy them than Saudi Princes haha

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