Savvy Games, a division of Saudi Arabia's Public Investment Fund, has acquired game studio Scopely in one of the biggest acquisitions by purchase price in the history of video games.
Savvy Games is paying $4.9 billion to acquire Scopely. There are only five gaming buyouts that are bigger, including Activision buying King for $5.9 billion, Microsoft buying ZeniMax for $8.1 billion, Tencent buying Supercell for $8.6 billion, and Take-Two buying Zynga for $12.7 billion. Microsoft is in the process of buying Activision Blizzard for $68.7 billion, which would be far and away the biggest acquisition in the history of video games.
In a press release, Savvy said the deal--which is pending regulatory approval--strengthens the company's "ability to deliver new and exciting products for the global gaming community."
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