Saudi Arabia's Savvy Games Group plans to acquire US-based mobile game maker Scopely for $4.9B; Scopely was reportedly valued at $5.4B in October 2021
End of 2019 I made the big jump from Europe to the US. … Mike DeLaet : Congrats to all of my friends and former colleagues at Scopely for such a tremendous outcome! It was great to see a lot of you at GDC recently and we enjoy being a partner with you on Scrabble. … Chirag Ambwani : WOW! Congratulations to the full Scopely team on a successful exit! Amazing to see the moves Savvy Games Group has made in such a short period of time #goingforit … Bill Young : Scopely now in the Savvy Games Group portfolio. $4.9BB. — ...that's only $1BB less than Activision Blizzard paid for King in 2015. … Tweets: @ankbul : Biggest milestone in the company's history. But my mom still worried 😂 https://twitter.com/... https://twitter.com/... @atifkhan31 : Scopely was just bought for essentially $5b. Unreal tbh. Middle East money is coming into gaming. Either VCs will fund the growth in the US or developers will have new sources of $$$$. https://scopely.com/... @lazerow : 🧵1/10 Exciting news. @scopely just signed a deal to sell for $5B! https://www.scopely.com/...🚀 I had the incredible opportunity to be a seed investor with @kasslazerow and lead @VelvetSeaVC's investment. Some key learnings from this incredible journey. #startup #investing Daniel Hasselberg / @d_hasselberg : One of the biggest acquisitions in mobile games history. Scopely acquired for $4.9 billion. https://www.scopely.com/... Michael Jones / @mjones : Such a happy first advisor - I think @walterdriver and I learned arb together in 2009 w Tsavo! Congratulations to all the team at Scopely including a few of my former teammates and a few execs I think I helped place there! @andykleinman ! https://variety.com/... Nick Statt / @nickstatt : Well there goes a pretty sizable chunk of the nearly $40 billion Saudi Arabia said it wants to spend on gaming. The PIF's Savvy Games Group just made its largest-ever gaming deal with a $4.9 billion purchase of U.S.-based mobile publisher Scopely. https://savvygames.com/... Dom / @domsplaying : Savvy Games, which is owned by Saudi Arabia's Public Investment Fund, has agreed to acquire Scopely for upwards of $4.9 billion. Continues the ongoing trend of increased investment from Saudis into the global gaming space. https://savvygames.com/... https://twitter.com/...