SNK Playmore acquired by Chinese Company
A while ago, we reported that SNK Playmore was possibly in talks to be acquired by a Chinese company called Leyou Technologies. The news originated from a stock filing on the Hong Kong Stock Exchange. Though the exact name of the target company was not identified in the document, the details highly suggest that it was SNK Playmore. Since then, things have been relatively quiet and just when one would think that the deal has gone south, more news have surfaced recently and it seems like the deal have taken a different turn.
In a surprising twist, two different companies – Oriental Securities and Shunrong Sanqi have established a joint venture called Zheyuan to invest in Ledo Millenium, a subsidiary of Leyou Technologies. Through Ledo Millenium, the newly formed joint venture will pay 63.5 million USD to acquire 81.25% of SNK Playmore’s shares directly from former SNK CEO Eikichi Kawasaki and wife Natsuyo Kawasaki. The shares will give them majority control of SNK Playmore. The acquisition puts SNK Playmore a valuation at 78 million USD. The transaction was finalized on 8/6/2015 in Osaka, Japan.
Dongfang Xinghui (subsidiary of Oriental Securities) will be the majority shareholder of the joint venture with 80% of the shares. The CEO of Dongfang Xingui, Zheng Jianhui commented that the main reason for their acquisition of SNK Playmore is their vast number of game IPs and the all the tie-ins the SNK characters are involved in. In particular, he mentioned that going forward they aim to follow the “Marvel formula,” where the Marvel Universe has branched off into different spaces including comics, games, television, and movies to form a complete and synergistic IP portfolio. He is also looking forward to collaborations with other Chinese companies to develop games, anime, manga, televisions, and movies in order to fully develop SNK’s intellectual property.
Shunrong Sanqi, the minority owner of the joint venture is a Chinese online gaming giant. The company has recently acquired stakes in various media companies. Their cofounder and director, Wu Xushun, has recently joined the ranks of online game billionaires.
Source:
Pingback: Es oficial: SNK Playmore fue comprada por empresa china Leyou Technologies | Gamercafe
Pingback: SNK Playmore é adquirida por empresa chinesa - Game Rush
Pingback: Chinese investors buy King of Fighters publisher SNK PlaymoreGamedev FM | Gamedev FM
Pingback: Tencent remakes KOF 98 for mobile online | Dream Cancel
it’s a darn shame SNK went down the tubes back in 2000
then it became SNK -PlayMore which now got bought out by the Chinese.
Capcom is trying to bleed customers out of money,
Nickelodeon and Cartoon Network really suck now.
young thug is today’s 2pac
MTV use to show music videos
gas use to be $1.29
the world i grew up in is gone .
If this going to happen, please leave alone M
etal Slug Defense(playstore-appstore) this is an awesome game but looks like something will change here … btw I’m one of the top 5 best players in MSD
Pingback: SNK Playmore tiene nuevos dueños - Tecnius
This is what they get for going back to old school team fights in later KOF games instead of sticking with the tag team fighting in KOF 2003 and XI
Sorry, but MSD will be cancelled. HAHAHA Just kidding
Hahaha I was kidding xD I’m noobs :3
Pingback: SNK Playmore Bought by Chinese Company
Pingback: Chinese company Leyou Technologies becomes the new majority stake of SNK Playmore | La empresa china Leyou Technologies se convierte en el nuevo accionista mayoritario de SNK Playmore | El Mundo Tech
Pingback: La empresa china Leyou Technologies se convierte en el nuevo accionista mayoritario de SNK Playmore - El Mundo Tech
Theycshould rerelease batches of aes games i mean they would be so cheap to make now.rereleasing say
5000 cheaply priced aes machines too.to make the tv,anime,movie franchises work they need to repopularize the game brands.so rerelease the aes .make new slug games.how about world heroes 3. And a epic v series starting with world heroes v samurai showdown. Karnovs revenge v fatal fury special
Reports have surfaced that Japanese video game studio SNK Playmore has been acquired by Ledo Millenium, a subsidiary of the Chinese investment firm Leyou Technologies.
Pingback: SNK foi Comprada por Grupos Chineses que Pretendem fazer uma Marvel! | afontegeek
Pingback: SNK (dona de KOF e Metal Slug) foi Comprada por Grupos Chineses que Pretendem fazer uma Marvel! | afontegeek
Pingback: SNK Playmore ha sido comprada por la compañía china Leyou Millenium - Tallon4
Pingback: TEST - The King of Fighters XIV PS4
Pingback: Lets talk about King of Fighters | Conflicting Views