Mobile game developer Scopely has been acquired by fellow mobile game company Savvy Games in a massive $4.9 billion deal. The acquisition is set to create a powerhouse in the mobile gaming industry, with Savvy Games expanding its portfolio and Scopely benefiting from the resources and expertise of its new parent company.
Scopely, based in Los Angeles, has made a name for itself by developing and publishing popular mobile games such as “Star Trek Fleet Command,” “The Walking Dead: Road to Survival,” and “Scrabble GO.” The company has raised over $658 million in funding to date, and the acquisition by Savvy Games will provide it with even greater resources to develop new games and grow its existing titles.
Savvy Games, headquartered in San Francisco, is known for its hit mobile game “Words with Friends,” as well as titles like “Toy Blast” and “Toon Blast.” The company’s acquisition of Scopely is part of its strategy to expand its mobile gaming portfolio and strengthen its position in the industry.
The deal is one of the biggest in the mobile gaming industry, and is indicative of the rapid growth and consolidation taking place in the sector. As more and more people turn to mobile gaming as a primary source of entertainment, the market is becoming increasingly competitive, and companies are looking to consolidate and expand their portfolios to remain competitive.
The acquisition will also have an impact on the mobile gaming landscape, with two major players in the industry joining forces. Savvy Games and Scopely have a combined user base of over 400 million players, and the acquisition will enable them to offer more diverse and innovative games to their users.
The deal also highlights the importance of mobile gaming in the entertainment industry, with the sector generating over $77 billion in revenue in 2020 alone. As more people turn to mobile devices for entertainment, the mobile gaming industry is set to continue its rapid growth, and the acquisition of Scopely by Savvy Games is a clear indication of the sector’s potential.
However, as with any acquisition, there are also risks involved. The integration of two major companies with different cultures and operations can be challenging, and the success of the acquisition will depend on how well the two companies are able to work together and leverage each other’s strengths.
Overall, the acquisition of Scopely by Savvy Games is a major development in the mobile gaming industry, and is set to create a powerful player in the sector. It will be interesting to see how the two companies work together and what new games and innovations they will bring to the market. As the mobile gaming industry continues to grow and evolve, we can expect to see more mergers and acquisitions like this in the future.
