Scopely, the premier publisher and developer of games in the mobile market, will soon become a subsidiary of the Savvy Games Group, owned by the Saudi Arabian sovereign wealth fund.
Under the auspices of the Savvy Games Group, Scopely (WWE Champions, Marvel Strike Force, Star Trek Fleet Command, Stumble Guys, Scrabble GO, Yahtzee With Buddies) will operate independently and receive continued financial support from Saudi Arabia to fulfill its growth strategy and consolidate existing franchises, reach new audiences through innovative games, and collaborate with the best talent and studios in the industry through strategic partnerships and acquisitions.
Savvy Games Group, part of the Saudi Government’s Public Investment Fund, has agreed to acquire game publisher Scopely for $4.9 billion https://t.co/xVzLZs6J9E.
— Bloomberg (@business) April 5, 2023
Brian Ward, CEO of Savvy Games Group, said:
Scopely is one of the fastest growing gaming companies today and we have long admired their ability to build communities of dedicated and passionate players. Our mission is to invest in and develop the global gaming community by inviting the best minds to join us. Under the leadership of Walter Driver and Javier Ferreira, Scopely has established itself as an exceptional leader and will continue to shape the future of gaming for years to come. We look forward to realizing the company’s ambitions and working with their talented team of developers, designers and publishers to create innovative and exciting new products for the gaming community around the world.
Savvy Games Group will become famous in the video game industry thanks to Scopely
The acquisition is expected to bring Scopely’s development capabilities, publishing infrastructure, and differentiated technologies, as well as a global base of talented creators across North America, Europe, and Asia, to the Savvy Games Group ecosystem. It will also leverage Scopely’s cross-platform approach to extend its Game as a Service expertise to new segments such as PC, consoles and other gaming categories.