Technology

Scopely acquires GSN Games from Sony Pictures for $1B

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Scopely introduced at present that it has entered into an settlement to accumulate GSN Video games from Sony Photos Leisure for $1 billion.

Scopely is finest recognized for its catalog of cellular video games, together with Wheel of Fortune: Free Play, The Strolling Useless: Highway to Survival, and Star Trek: Fleet Command, which it additionally just lately launched on PC. GSN Video games has an identical assortment of video games, similar to Solitaire TriPeaks and Bingo Bash.

Sony Photos launched its on-line recreation portfolio in 2007, based on Selection, as an offshoot of Recreation Present Community. GSN Video games will add the aforementioned video games to Scopely’s library. Ravi Ahuja, Chairman of SPE’s world tv studios and company growth, mentioned in an announcement, “In assembly the Scopely crew, we knew we discovered the proper group to help and speed up the enterprise. We’re assured they’ll take GSN Video games to new heights and SPE is happy to be a minority shareholder in Scopely because of this transaction.”

Mark Feldman, CEO of GSN Video games, expressed delight within the studio’s development in an announcement: “Over the previous 4 years, and within the enamel of a worldwide pandemic, GSN Video games has undertaken enormous tech and product enhancements to ship on our dedication to offering our gamers with phenomenal recreation experiences. I’m delighted that GSN Video games will now be a part of Scopely’s dynamic world cellular video games enterprise.”

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Scopely has additionally allegedly grown due to its efforts, as a supply near the corporate stories its valuation to be $5.4 billion. This is able to be up from its $3.3 billion valuation final October. Final 12 months, Scopely additionally acquired FoxNext Video games, builders of Marvel Strike Pressure.

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https://venturebeat.com/2021/10/18/scopely-acquires-gsn-games-from-sony-pictures-for-1b/ | Scopely acquires GSN Video games from Sony Photos for $1B

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