Savvy Games Group | Game World Observer

All publications by tag «Savvy Games Group»

Deals August 15, 2023

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.

Deals June 26, 2023

Saudi Arabia increses its stake in South Korean game publisher Nexon to 10%

Saudi Arabia’s Public Investment Fund (PIF) has no plans to stop its global gaming expansion. It has now increased its stake in South Korean / Japanese publisher Nexon.

Industry News June 14, 2023

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.

Deals May 16, 2023

Saudi Arabia increases its stake in Electronic Arts by more than 50%

Saudi Arabia’s Public Investment Fund (PIF) continues its gaming expansion. In its latest move, it has increased its stake in Electronic Arts by 55%.

Deals April 6, 2023

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.

Deals June 8, 2022

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.