The consolidation of the video game industry is underway, and its impact is being felt beyond the major distributors. This is because it was announced that Savvy Games Group, a company owned by the Public Investment Fund of Saudi Arabia, has spent a massive amount to become the new owner of Scopely, a company known for its mobile games.
According to information from GamesIndustry.biz, Savvy Games Group acquired Scopely for $4.9 billion. As part of this purchase, Scopely will remain an autonomous company that reports to Savvy and will work to extend its games-as-a-service expertise to "new segments such as PC, console, and other genres."
In a statement, Scopely explained that it will join Savvy Games Group because it will allow it to expand its possibilities and continue developing gaming experiences for players all over the world.
"Savvy Games Group shares our long-term belief that companies that have built the deepest relationships with their players will succeed," said Walter Driver, co-founder of Scopely. "Together, as one, we can continue to expand the possibilities of play, continuing to develop beloved gaming experiences for players all over the world."
In case you didn't know, Scopely is a distributor best known for its popular mobile games. Among the titles it has distributed are Stumble Guys, Marvel Strike Force, and Star Trek: Fleet Command, all successful games in the mobile market.
With this investment, Saudi Arabia continues to work towards its goal of becoming one of the most important gaming countries. Remember that the country has already invested in companies such as Nintendo, Capcom, Nexon, SNK, and Embracer Group.
What do you think of this investment? Do you think Saudi Arabia is making good use of its money? Tell us in the comments.
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