All publications by tag «Savvy Games Group»
Report: Embracer Group’s collapsed $2 billion deal was supposed to be with Savvy Games Group, its second-largest shareholder
New details have surfaced about the collapsed $2 billion deal that Embracer Group was supposed to close earlier this year. It appears that its partner was Savvy Games Group, an investing firm established by Saudi Arabia’s sovereign wealth fund.
Saudi Arabia already invested almost $8 billion in global game companies over past 18 months
It is no secret that Saudi Arabia is betting big on video games as part of its strategy to diversify the country’s oil-centric economy. Here is how much money it has already invested in the sector across the globe.
Saudi wealth fund to snap up Scopely for $4.9 billion in one of largest-ever gaming deals
Savvy Games Group, established by Saudi Arabia’s Public Investment Fund, has announced its decision to acquire mobile developer and publisher Scopely. The company is best known for titles based on the Marvel and Star Trek franchises.
Saudi Arabia’s wealth fund invests $1 billion in Embracer Group, becomes its second-largest owner
Savvy Gaming Group, established by Saudi Arabia’s Public Investment Fund, has acquired a $1 billion stake in Embracer Group. This marks its second large investment in the Swedish games industry this year.