Savvy Games Group has agreed to buy game publisher Scopely for $4.9B.

 

Savvy Games Group has agreed to buy game publisher Scopely for $4.9B.   Savvy Games is owned by the Saudi government’s Public Investment Fund. Scopely joins Savvy Games’ growing list of recent acquisitions, including esports firms ESL and Faceit. Scopely was founded in 2011 and publishes games like “Yahtzee with Buddies,” “Stumble Guys,” and “Marvel Strike Force.” According to Scopely CEO Brian Ward, the company is one of the fastest-growing game companies today. Over the years, Scopely has grown mostly through acquisitions, including FoxNext and GSN Games. Saudi Arabia plans to invest $38B to become the next hub for the video game industry.