RIYADH: Savvy Games, wholly owned by Saudi Arabia’s Public Investment Fund, has signed an agreement to acquire US-based gaming firm Scopely for $4.9 billion.
Touted to be one of the biggest acquisitions ever happened in the gaming industry, the move is expected to catalyze Saudi Arabia’s efforts to evolve as a global gaming hub, in line with the Kingdom’s Vision 2030 goals.
“At Savvy Games Group, our mission is to invest in – and grow – the global games community by inviting the best minds to join us,” said Brian Ward, CEO of Savvy Games Group.
He added: “Scopely is one of the fastest-growing games companies today, and we have long admired their ability to build loyal, engaged player communities.”
