The deal ranks as the sixth-largest gaming acquisition in history
Founded in 2011, Scopely, Inc. is a mobile-first video game developer and publisher with headquarters in California. Scopely has partnered with investments in a variety of game studios in addition to internal game production facilities. However, Savvy Games, a unit of Saudi Arabia’s Public Investment Fund, raised interest and paid $4.9 billion to acquire Scopely.
Official Announcement (Image via Scopely)
This transaction ranks as the sixth-largest gaming acquisition in history. For information, Microsoft’s huge $68.7 billion acquisition of Activision Blizzard last year remains the largest acquisition in gaming history, which might still be untouchable at least for two to three years given the large amount the global giant has invested.
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Scopely will continue to revolutionize the future of games, says Savvy CEO
Brian Ward, CEO of the Savvy Gaming Group and a former employee of Activision Blizzard, Microsoft, and Electronic Arts, led this acquisition and mentioned that his company anticipates assisting Scopely in achieving its goals faster. Also, Scopely will be continued to be led by co-CEOs Walter Driver and Javier Ferreira.
Brian Ward added: “Scopely is one of the fastest-growing games companies today, and we have long admired their ability to build loyal, engaged player communities. Under Walter and Javier’s stewardship, Scopely has proven to be an exceptional leader and will continue to revolutionize the future of games for years to come. We look forward to further accelerating the company’s ambitions and working together with their talented team of developers, designers, and publishers to create innovative and exciting new products for the gaming community across the world.”
Image via Scopely
Scopely claims that the agreement would accelerate the growth of their live games, slate, crew, and technology to deliver even more immersive experiences. They continue by saying that with Savvy, they are inspired to reach new audiences, keep working with the finest talent and studios in the business, and expand their reach through other strategic alliances and acquisitions.
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The acquisition highlights mobile’s place in Saudi Arabia’s games strategy
July 13th, 2023 — 11:50amBy , Staff Writer
Savvy Games Group, a wholly-owned subsidiary of Saudi Arabia’s Public Investment Fund, has officially closed its acquisition of mobile developer Scopely, following the receipt of the necessary regulatory approvals.
The acquisition was first announced this April, and at $4.9 billion is one of the biggest gaming deals of all time. The acquisition will see Scopely act as an autonomous business unit under the Savvy umbrella, utilising the long-term investment to grow and deepen existing franchises, target new audiences, and form strategic partnerships — as well as make acquisitions of its own.
Additionally, the acquisition will allow Scopely to extend its cross-platform development and live service expertise to PC and console, as well as explore new genres.
“For more than a decade, our incredible Scopely team has been dedicated to expanding the possibilities of play,” said Scopely co-CEO Walter Driver. “By combining our expertise and resources with Savvy Games Group, we will build an even brighter future for the games industry. Our shared commitment to excellence will enable us to deliver on our ambitious vision to bring immersive, highly engaging games to players around the world, across every device. This is just the beginning.”
“As part of the Savvy Games Group portfolio, we will be able to harness the collective power of our creativity, dedication to innovation, and world-class talent to shape the future of games,” said co-CEO Javier Ferreira.
“Together with Brian and the Savvy team, we will continue to build one of the world’s most diversified mobile-first games companies. Community and connection is at the heart of everything we do, and we look forward to delivering long-lasting franchises that delight players everywhere.”
Success in Saudi Arabia
Scopely has seen a massive boom in success in recent years, thanks largely to its games based on established IPs such as Star Trek: Fleet Command and Marvel Strike Force. The company most recently found massive success with the release of Monopoly GO!, which saw the biggest casual launch of the last five years.
“This is the largest investment Savvy has made to-date, which is testament to our deep belief in Scopely’s mission and their talented, global team led by Walter and Javier. The recent success of their newest game ‘Monopoly GO!’ is indicative of Scopely’s ongoing position at the forefront of the global games sector, underpinned by their ability to reach diverse audiences through compelling player experiences,» said Savvy Games Group CEO Brian Ward.
«With the support of Savvy’s long-term investment, Scopely will continue driving innovation in the games sector for decades to come.”
We listed Scopely as one of the top 50 mobile game makers of 2022. We’ll be unveiling our list for 2023 in the coming months.
