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

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.