In one of the most monumental acquisitions in the gaming industry, Savvy Games, a subsidiary of the Public Investment Fund of Saudi Arabia, has managed to acquire Scopely for a whopping $4.9 billion. According to a statement by Savvy Games, this deal is set to “strengthen its ability to deliver new and exciting products for the global gaming community.”
As a mobile game developer that has garnered immense popularity worldwide, Scopely has been a dominant force in the industry, thanks to its engaging gameplay and season passes. With Stumble Guys, its popular game that started as a Fall Guys ripoff but has since evolved into its own entity with unique concepts and ideas, Scopely’s co-CEO Walter Driver says that this acquisition is set to “accelerate our efforts” and “further expand the possibilities of play, continuing to develop beloved game experiences for players around the world.”
This transformational partnership between Scopely and Savvy Games is a great validation of the incredible talent of the entire Scopely team and will further accelerate their efforts to drive the games industry forward.
This acquisition is one of the most significant buyouts in the gaming industry, surpassing the $4.05 billion Disney paid for the right to Star Wars. It shows the immense potential of mobile gaming and the numerous opportunities that lie within it. However, despite its magnitude, it is not the biggest in the industry. There have been five bigger buyouts, including Activision buying King for $5.9 billion, Microsoft buying ZeniMax for $8.1 billion, Tencent buying Supercell for $8.6 billion, and Take-Two buying Zynga for $12.7 billion. Moreover, if the purchase of Activision Blizzard by Microsoft goes through, it would be a record-breaking $68.7 billion.
This acquisition of Scopely by Savvy Games is set to be a game-changer in the mobile gaming industry. Not only does it strengthen Savvy’s position in the market, but it also provides Scopely with the necessary resources to continue developing innovative gaming experiences for players worldwide. As the industry continues to evolve, it will be fascinating to see how this acquisition shapes the future of mobile gaming, considering that it is projected to be worth $272 billion by 2030.
In conclusion, Savvy Games’ acquisition of Scopely is a billion-dollar deal that has the potential to significantly shape the future of the mobile gaming industry. With a transformational partnership between Scopely and Savvy Games, gamers worldwide can look forward to new and exciting gaming experiences.
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