New major operation in the video game.
The American mobile game publisher Scopely, originally, with Stumble Guys, one of the most downloaded game applications in the world in 2022, is bought out for 4.9 billion dollars.
The substantial transaction is even more interesting when we look at the identity of the lucky buyer.
This is Savvy Games Group, a Saudi company like no other.
Chaired by Prince Mohammed Ben Salman, it is directly financed by the sovereign wealth fund of the oil monarchy, which seeks to diversify its sources of income.
To discover
LIVE – Disturbances, extent of the mobilization: follow the eleventh day of strikes and demonstrations against the pension reform
The crown prince had announced in September the ambitions of Saudi Arabia in the video game industry.
Savvy Games Group was then awarded an envelope of 38 billion dollars, including 13 billion to make acquisitions.
The remaining 25 billion are dedicated to minority stakes or stock market investments in strategic companies...
This article is for subscribers only.
You have 76% left to discover.
Want to read more?
Unlock all items immediately.
TEST FOR €0.99
Already subscribed?
Login
/cloudfront-eu-central-1.images.arcpublishing.com/prisa/H64L2H4VSNBWHP2MTJVSEUDWIA.jpg)
