Savvy Games Group to buy mobile game publisher Scopely for $4.9B
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Savvy Games Group has agreed to acquire mobile game publisher and developer Scopely for $4.9 billion.
The deal is the latest sign of consolidation in gaming — and mobile gaming in particular — and it further cements the push by Saudi Arabia’s Savvy Games Group to expand in the game industry.
Savvy announced last September its intention to purchase a leading games publisher and the acquisition of Scopely is the realization of this goal.
The acquisition, subject to regulatory approval, strengthens Savvy’s ability to deliver new and exciting products for the global gaming community and help fulfill Scopely’s ambitions to grow and strengthen its portfolio of original and beloved brands.
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Scopely will remain an autonomous operating company under the Savvy umbrella.
Games and esports company Savvy Games Group is wholly owned by Saudi Arabia’s Public Investment Fund (“PIF”).
Culver City, California-based Scopely is the publisher of hit mobile games like Star Trek: Fleet Command, and it has benefited from its proximity to Hollywood entertainment companies. Other hits include Stumble Guys, Scrabble Go, Yahtzee With Buddies and more.
Brian Ward, CEO of Savvy Games Group, said, in a statement, “Scopely is one of the fastest-growing games companies today, and we have long admired their ability to build loyal, engaged player communities.”
Ward added, “At Savvy Games Group, our mission is to invest in – and grow – the global games community by
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