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Archived from the original on June 7, 2022. Retrieved February 3, 2021. ^ Cayanan, Joanna (May 9, 2023). "Viz Media Simultaneously Releases Shogakukan Manga Titles in New VIZ Manga App". Anime News Network. Archived from the original on May 10, 2023.The North American rights to MVS coin-op distribution were sold to Apple Industries, and the rights to the Neo Print photo system were sold to Apple Photo Systems. Obviously, with no revenue coming in from North America or Europe, SNK's earnings went into an even speedier tailspin. A group of Aruze's shareholders, primarily those that owned stock in SNK Corporation, filed suit against Aruze in 2000, accusing the company of being directly responsible for SNK's operating losses, which totaled nearly 27 billion yen (roughly $260 million). Between the lawsuit and SNK's growing debts, Aruze decided to put SNK into bankruptcy. Ironically, during the process, Aruze sold the intellectual property rights for King of Fighters and other SNK franchises to BrezzaSoft--the company partially owned by SNK's former founder, Eikichi Kawasaki. SNK ceased to be on October 22, 2001.
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