Savvy Games Group acquires Scopely for $4.9B in major gaming acquisition.

Savvy Games Group, a games and esports company owned by the Saudi government’s Public Investment Fund, has agreed to acquire mobile games studio Scopely for $4.9 billion. Scopely will operate as an “autonomous company” under the Savvy umbrella, and will continue to be led by co-CEOs Walter Driver and Javier Ferreira. The acquisition will strengthen Savvy's ability to deliver new products for the global gaming community and build on Scopely’s cross-platform approach to extend its live services expertise to new segments like PC, console and more.