Saudi Arabia's PIF-Owned Savvy Games Acquires Scopely for $4.9 Billion

• Leading games and esports company Savvy Games Group (“Savvy”), wholly owned by Saudi Arabia’s Public Investment Fund (“PIF”), has entered an agreement to acquire Scopely for $4.9 billion.

• Scopely is a leading games publisher and developer with a track-record of innovation and a catalog of successful mobile-first titles.

• The acquisition will strengthen Savvy’s global position, whilst enabling Scopely to accelerate its growth and achievement of its strategic objectives

CULVER CITY, CA, United States — Savvy Games Group (“Savvy”), wholly owned by Saudi Arabia’s