Saudi Arabia's Savvy Games To Acquire Gaming Company Scopely For $4.9 Billion

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.

Positivity

[TwistedGreen]

Sounds good for everyone involved! Way to go guys!

Re: Positivity

[S_Stout]

Saudi Arabia buying a bunch of American companies is not good for everyone.

Re:

[AmazingRuss]

It is if they buy the shitty ones.

CIA Plots

[greytree]

I laughed, but maybe that would be a good CIA scheme: Set up lots of impressive-looking but actually doomed companies and sell them to evil countries.

And maybe Crazy Eddie's, Enron and Theranos were attempts at this?

I am going to start a conspiracy theory that the CIA shut down Fucked Company because it gave the game away.

And let's see if Facemetabook gets sold to China...

Re:

[JKanoock]

Your on to something here!

Any Idea What Game They Make?

[fod_dzug]

So I have an idea what not to buy to avoid encouraging an oppressive regime?

Re:

[DrMrLordX]

Good luck with that. Tencent should worry you more than these guys.

But if you must know:

https://www.scopely.com/en/gam... [scopely.com]

If you want to know more about Savvy Games Group you'll have to do your own research. It's not immediately clear what are their other holdings.

Re:

[denzacar]

But, but, but... Gambling is haram! [wikipedia.org] Oh noes!

Re:

[DrMrLordX]

They have no problem banning their own businesses in their own countries. They'll just continue to profit off kuffar.

Re: Any Idea What Game They Make?

[todmanic]

Yes, it's called Sheik Bonesaw, where gamers see who can be the fastest to dismember journalists and dissolve the sawn up body parts in acid. The kids will love it.

Re:

[Beyond_GoodandEvil]

Yes, it's called Sheik Bonesaw, where gamers see who can be the fastest to dismember journalists and dissolve the sawn up body parts in acid. The kids will love it.
You misspelled intelligence asset. Or do you really care about a Muslim Brotherhood stooge?

Re:

[Jack9]

The Star Trek mobile game is pretty popular. This is still a ridiculous overpayment, which points to either misdirection during the sale or as a cover for some other transaction between associated parties.

Saudia Arabia attacked us on 9/11.

[fredrated]

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

Re:

[AmazingRuss]

Probably ones that advocate bombing them too.

Re:

[teg]

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

Re:

[Holi]

Now explain Iraq.

So new game rules then:

[greytree]

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.

Re:

[JKanoock]

Don't use cheat codes or aim bots, the consequences are going to be very real.

Re:

[denzacar]

On the other hand loot boxes are haram. [gamerbraves.com]
Now all we need is a good argument that gaming as a service is form of riba. [wikipedia.org]

Well

[stealth_finger]

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.

Ah fuck.

[OfMiceAndMenus]

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

Re:

[JKanoock]

2nd this, morality is linked directly to $$$.

Re: Ah fuck.

[SleepingEye]

So who would you sell to? Can't even sell to american govt if that's your criteria

Re:

[OfMiceAndMenus]

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.