Mobile Games Company Scopely to Be Acquired by Saudi-Backed Savvy Games Group for $4.9 Billion

variety.com:

Todd Spangler NY Digital Editor Savvy Games Group announced an agreement to acquire Scopely, a maker of mobile games including “Star Trek Fleet Command,” “Marvel Strike Force,” “Looney Tunes World of Mayhem,” “Scrabble Go” and “Yahtzee With Buddies,” in a deal valued at $4.9 billion.

Savvy, a games and esports company that is wholly owned by Saudi Arabia’s Public Investment Fund, said the acquisition will “strengthen Savvy’s global position, whilst enabling Scopely to accelerate its growth and achievement of its strategic objectives.” The acquisition is subject to regulatory approval.

Scopely will be an “autonomous operating company” under the Savvy umbrella, joining other companies in its portfolio such as esports brand ESL FaceIt Group.

Founded in 2011, L.A.-based Scopely had a $3.3 billion post-money valuation in 2020 after raising a $340 million funding round.