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Savvy Games Group<\/a>, a games and esports company that is part of the Saudi government\u2019s Public Investment Fund, has agreed to acquire<\/a> mobile games studio Scopely for $4.9 billion. Founded in 2011, Scopely is known for several popular mobile games including Yahtzee With Buddies, Star Trek Fleet Command, Marvel Strike Force, Stumble Guys and Scrabble Go.<\/p>\n The Los-Angeles based company had a\u00a0$3.3 billion post-money valuation in 2020<\/a> after raising a $340 million funding round. Scopely has grown over the past few years with a number of notable acquisitions. In 2020, Scopely acquired Disney\u2019s FoxNext Games<\/a>, and in 2021,\u00a0the company acquired Sony Pictures Entertainment\u2019s GSN Games<\/a> For $1 billion.<\/p>\n \u201cScopely is one of the fastest-growing games companies today, and we have long admired their ability to build loyal, engaged player communities,\u201d said Savvy Games Group CEO Brian Ward in a press release<\/a>. \u201cAt Savvy Games Group, our mission is to invest in \u2013 and grow \u2013 the global games community by inviting the best minds to join us.\u201d<\/p>\n Scopely will operate as a \u201cautonomous company\u201d under the Savvy umbrella, which includes esports firms ESL and Faceit. The company will continued to be led by co-CEOs Walter Driver and Javier Ferreira.<\/p>\n \u201cAs part of the Savvy Games Group portfolio, we will continue to build one of the world\u2019s most diversified mobile-first games companies,\u201d said Scopely co-CEO Javier Ferreira in a press release. Our technology platform, market-leading studio ecosystem, and world-class team have always enabled us to stay one step ahead of the rapidly growing games industry, delivering long-lasting franchises that delight players around the world. We look forward to reimagining the future of play with Brian and the Savvy team.\u201d<\/p>\n Savvy says the acquisition, which is subject to regulatory approval, will strengthen its ability to deliver new products for the global gaming community. The company also says the acquisition will also build on Scopely\u2019s cross-platform approach to extend its live services expertise to new segments like PC, console and more.<\/p>\n