Scopely to acquire GSN Games from Sony for $1bn
| By Daniel O'Boyle
Mobile social gaming business Scopely has agreed to acquire GSN Games, a division of the Game Show Network, from Sony Pictures Entertainment for $1bn £728.4m/€860.6m).
Of the $1bn purchase price, half will be paid in cash and the other half in equity of Scopely.
This, Scopely’s board said, would give Sony “the opportunity to benefit from the expected growth of the company and the mobile games industry”.
Scopely’s growth and ability to make the deal was boosted by a $340M in Series E funding round in October 2020.