PIF-backed Savvy Games completed the acquisition of Scopely for $4.9bn.

Public Investment Fund-backed Savvy Games Group, a games and esports company, completed the acquisition of Scopely, an interactive entertainment company and mobile-first video game developer and publisher, for $4.9bn. “As part of the Savvy Games Group portfolio, we will be able to harness the collective power of our creativity, dedication to innovation, and world-class talent to shape the future of games. Together with Brian and the Savvy team, we will continue to build one of the world’s most diversified mobile-first games companies. Community and connection is at the heart of everything we do, and we look forward to delivering long-lasting franchises that delight players everywhere," Javier Ferreira, Scopely Co-CEO.