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Businesses Games

Saudi Arabia's Savvy Games To Acquire Gaming Company Scopely For $4.9 Billion (reuters.com) 28

Savvy Games Group, wholly owned by Saudi Arabia's Public Investment Fund (PIF), has agreed to acquire Scopely, a maker of mobile games based in Culver City, California, for $4.9 billion, the companies said on Wednesday. Reuters reports: Scopely, founded in 2011, will become an autonomous operation under the Savvy umbrella, they said in a statement, noting the deal will "strengthen Savvy's global position" and enable Scopely to accelerate growth. Last year, state news agency SPA said Savvy would invest 142 billion riyals ($37.85 billion) in initiatives aimed at making the kingdom a global hub for gaming.
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Saudi Arabia's Savvy Games To Acquire Gaming Company Scopely For $4.9 Billion

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  • Sounds good for everyone involved! Way to go guys!

  • by fod_dzug ( 6598790 ) on Wednesday April 05, 2023 @07:25PM (#63429074)
    So I have an idea what not to buy to avoid encouraging an oppressive regime?
  • We should have bombed them, not Afghanistan or Iraq. Oh, and they behead people that advocate for democracy.

    • Probably ones that advocate bombing them too.
    • by teg ( 97890 )

      We should have bombed them, not Afghanistan or Iraq. Oh, and they behead people that advocate for democracy.

      No, Saudi-Arabia did not attack the US. Sure, many of the terrorists were from Saudi-Arabia, but the same organization behind the attacks September 11 has also committed terrorist acts in Saudi-Arabia itself. The government in Afghanistan, otoh, supported the organization - and is now back in power.

      This doesn't change that Saudi-Arabia is one of the worst countries on earth, being religious extremists, oppressing everyone, and killing people who don't agree with them. Even outside the country [wikipedia.org]. They also a

  • No women drivers in their F1 app, hands chopped off for stealing in their GTA clone and beheadings for brewing in Minecraft.

    The futures bright, the future's medieval.
  • Well, that sounds like a brilliant plan and not doomed for failure at all. Kinda like building a fucking wall city or whatever it's supposed to be in the middle of the desert. Good luck with that guys.
  • If we could stop letting countries and governments with horrible and ongoing human rights violations buy American companies that would be grrreeeeaaaaat...

    So basically, no dictatorships, no religious-led countries, etc
    • 2nd this, morality is linked directly to $$$.
    • So who would you sell to? Can't even sell to american govt if that's your criteria
      • Do... do you think the US government is trying to buy gaming companies to improve their image to the world?

        Do you think the US is implementing sharia law and banning women from going to schools and beheading journalists who speak ill of them?

        Today would be a good day for you to stop sniffing glue.

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