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New Deal


Announced

Scopely to acquire GSN Games from Sony Pictures Entertainment for $1bn.

Financials

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Transaction Value£726m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Domestic

Pending

social casino games

game developer

United States

Gaming

Majority

Friendly

Single Bidder

Private

Synopsis

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Scopely, one of the largest privately held mobile-first video game companies, agreed to acquire GSN Games, which operates a portfolio of free-to-play mobile and online games, from Sony Pictures Entertainment, an entertainment company, for $1bn. "The GSN Games organization is an exceptional team, and we are excited to see what more we can accomplish together. We hope to take what is already a strong business and accelerate it through our publishing and technology infrastructure, unlocking even more value. Through this acquisition, we will continue to cultivate a loyal player base as part of our mission to inspire play, every day. The GSN Games business has proven itself as both incredibly durable and consistently profitable, due to the dynamic experiences the team continues to build for players around the world. We look forward to a great future together," Tim O’Brien, Scopely Chief Revenue Officer.

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