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Savvy Games Group acquires Scopely for $4.9 billion

GamesIndustry.biz

Scopely today announced that it has struck a deal to be acquired by Savvy Games Group for $4.9 The mobile publisher behind titles like Marvel Strike Force, Stumble Guys, and Star Trek: Fleet Command is the latest in a string of games investments for the Saudi Arabian government-owned Savvy.

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Report: Savvy Games Group backed out of $2bn deal with Embracer

GamesIndustry.biz

Savvy Games Group has been revealed as the strategic partner that backed out of the $2 billion deal with Embracer Group. As reported by Axios , sources familiar with the matter revealed the involvement of the Saudi Arabia government-backed gaming firm. They did not have details as to why the deal collapsed.

Games 52
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Savvy Games Studios is now Steer Studios

GamesIndustry.biz

Sign up for the GI Daily here to get the biggest news straight to your inbox Savvy Games Studios, owned by Savvy Games Group, has rebranded to Steer Studios. The company's new name was attributed to aligning with its goal of growing its global market presence. Read more

Studios 52
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New report shows game investment slowdown

Game Daily

Digital Development Management’s newly released report on financial activity in the video gaming sector is a mixed bag, showing a decline in mergers and acquisitions, IPOs, and investments in the second quarter of this year, but noting that the market is likely to heat up in the months ahead. Investments DDM counted $0.7 million.

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Roblox says it will fight parents’ lawsuit

Game Daily

A group of parents who say they “lost significant money” as their children played Roblox have filed a civil action lawsuit against the metaverse gaming company. The company has countered by insisting it will fight the suit in court. It alleges: “Roblox makes it extremely easy. million.