News
Chinese Company Buys Majority Stake in Japanese Game Developer SNK Playmore
posted on by Crystalyn Hodgkins
Chinese technology company Wuhu Shunrong Sanqi announced on Thursday that its partly-owned online game company 37 Games has purchased an 81.25% stake in Japanese game developer SNK Playmore. 37 Games bought the stake for US$63.5 million (about 7.92 billion yen).
37 Games mentioned SNK Playmore's King of Fighters, Metal Slug, Fatal Fury (Garō Densetsu), and Samurai Shodown (Samurai Spirits) franchises in the announcement, noting that it hopes to make use of those properties in the future.
SNK Corporation was founded in 1978, but the company filed for bankruptcy in 2001. SNK Playmore was founded in August 2001, and the company also develops pachinko slot machines and smartphone games aside from console games. SNK Playmore has branches in the United States and China.
Thanks to Jim Cole for the news tip.
Sources: Reuters, Famitsu via Siliconera
this article has been modified since it was originally posted; see change history