Saudi Arabia’s Savvy Video games Group has acquired cellular sport maker Scopely for $4.9 billion, as a part of its ongoing gaming technique.
Savvy hopes that this acquisition will enable Scopely to profit from its monetary backing to ship on its technique to develop and deepen current franchises, in addition to work with different studios throughout the trade by way of strategic partnerships and acquisitions. The deal can even construct on Scopely’s cross-platform strategy and increase to new segments resembling PC and console.
“Scopely is among the fastest-growing video games corporations right this moment, and now we have lengthy admired their capacity to construct loyal, engaged participant communities,” stated Savvy Video games Group CEO Brian Ward. “At Savvy Video games Group, our mission is to spend money on – and develop – the worldwide video games neighborhood by inviting the perfect minds to affix us. Below Walter and Javier’s stewardship, Scopely has confirmed to be an distinctive chief and can proceed to revolutionise the way forward for video games for years to return.
“We stay up for additional accelerating the corporate’s ambitions and dealing along with their proficient staff of builders, designers, and publishers to create modern and thrilling new merchandise for the gaming neighborhood the world over.”
A rising market
Saudi Arabia has been highlighted as one of the vital necessary markets within the MENA area, and the nation has been working to solidify its place within the world gaming market. Savvy, which is wholly owned by Saudi Arabia’s state-owned Public Funding Fund (PIF), has been on the forefront of the nation’s ambitions within the house. Notably, it was reported in September that the corporate was eyeing up the acquisition of a significant writer for $13 billion, and the press launch claims that this newest deal realises that aim.
Scopely will stay autonomous, whereas working below the Savvy umbrella.
“In the present day’s announcement marks a significant milestone within the Scopely journey,” stated Scopely co-CEO Walter Driver. “Savvy Video games Group shares our long-held perception that the businesses who’ve constructed the deepest relationships with their gamers will succeed. Collectively, as one, we can additional increase the chances of play, persevering with to develop beloved sport experiences for gamers world wide. This transformational partnership is a superb validation of the unbelievable expertise of our whole Scopely staff and can additional speed up our efforts to drive the video games trade ahead.”
“As a part of the Savvy Video games Group portfolio, we’ll proceed to construct one of many world’s most diversified mobile-first video games corporations,” added Scopely co-CEO Javier Ferreira. “Our expertise platform, market-leading studio ecosystem, and world-class staff have all the time enabled us to remain one step forward of the quickly rising video games trade, delivering long-lasting franchises that delight gamers world wide. We stay up for reimagining the way forward for play with Brian and the Savvy staff.”
We listed Scopely as one of many prime 50 cellular sport makers of 2022.
