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Savvy Games to acquire gaming company Scopely for US$4.9b

by WAYA Staff - Apr 6, 2023
Savvy Games to acquire gaming company Scopely for US$4.9b

Savvy Games Group, wholly owned by Saudi Arabia’s Public Investment Fund (PIF), has agreed to acquire Scopely, a maker of mobile games based in Culver City, California, for US$4.9 billion, the companies said.

Scopely, founded in 2011, will become an autonomous operation under the Savvy umbrella, they said in a statement, noting the deal will “strengthen Savvy’s global position” and enable Scopely to accelerate growth, Reuters reported.

Savvy would invest US$37.85 billion amid its policy that aimed at making the kingdom a global hub for gaming.

In February, Savvy bought a US $265 million stake in the Chinese E-sports company VSPO  backed by Tencent Holdings Ltd.

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