Savvy Games Group acquired mobile games studio Scopely for $4.9 billion

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Savvy Games Group, a gaming and esports company backed by the Saudi government’s Public Investment Fund, has announced that it will acquire mobile games studio Scopely for $4.9 billion. Scopely, founded in 2011, is responsible for several popular mobile games including Yahtzee With Buddies, Star Trek Fleet Command, Marvel Strike Force, Stumble Guys, and Scrabble Go.

The acquisition marks a significant move for Savvy Games Group as it aims to expand its presence in the mobile gaming industry. Scopely has a strong track record of producing successful titles and has built a loyal following among mobile gamers. The deal is also one of the largest in the mobile gaming industry, with the acquisition price exceeding the $4 billion that Zynga paid for Peak Games in 2020.

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Savvy Games Group acquired mobile games studio Scopely for $4.9 billion

Savvy Games Group, a gaming and esports company backed by the Saudi government’s Public Investment Fund, has announced that it will acquire mobile games studio Scopely for $4.9 billion. Scopely, founded in 2011, is responsible for several popular mobile games including Yahtzee With Buddies, Star Trek Fleet Command, Marvel Strike Force, Stumble Guys, and Scrabble Go.

The acquisition marks a significant move for Savvy Games Group as it aims to expand its presence in the mobile gaming industry. Scopely has a strong track record of producing successful titles and has built a loyal following among mobile gamers. The deal is also one of the largest in the mobile gaming industry, with the acquisition price exceeding the $4 billion that Zynga paid for Peak Games in 2020.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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