Saudi’s Savvy Games Acquires Scopely for $4.9 Billion
The Public Investment Fund of Saudi Arabia’s Savvy Games has acquired global game developing company Scopely for $4.9 billion.
Savvy Games, a subsidiary of the Public Investment Fund of Saudi Arabia, has acquired Scopely, one of the most popular mobile game developers worldwide, for $4.9 billion.
Scopely has seen great success with its engaging gameplay and profitable season passes, particularly with its game, Stumble Guys. What started as a game inspired by Fall Guys, a popular party game, has since evolved into its own entity with unique concepts and ideas. The acquisition is a significant move for the company, as it provides the necessary resources to continue developing innovative gaming experiences for players worldwide.
Savvy Games has been steadily investing in the gaming industry for years. With this acquisition, the company strengthens its position in the market and gains access to Scopely's talented team and successful games.
As the gaming industry continues to evolve, it is projected to be worth $272 billion by 2030.
Trending This Month
Jan 31, 2024