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Scopely Buys GSN Games over a Billion Dollar Deal.

Sony Pictures Entertainment decides to sell GSN Games, a division of Games Show Network, to Scopely.

The One Billion Dollar Deal Of Scopely And GSN Games

The One Billion Dollar Deal Of Scopely And GSN Games

The deal is valued at $1 Billion with a mix of cash and stocks where Sony will become a minority holder of the company. Moreover, GSN leadership will continue to work as is but under the supervision of Scopely.

GSN Games is known for developing mobile games in the genre of online casino games. Its expertise includes games on solitaire, bingo, poker, and other games. Moreover, its wheel of fortune-themed slot games also made heads in mobile gaming.

Sony is a significant player in the gaming industry and most of its business comes from the PlayStation platform. Its Sony Interactive Entertainment division owns several gaming studios and GSN Games is one of them.

GSN Games focuses on mobile gaming and develops games in the casino genre which doesn’t fit well with Sony.

On the contrary, Scopely is an emerging and promising player in mobile gaming. It has raised more than $500 million last year from investors like The Chernin Group, TSG, and the New House family’s Advance.

Scopely has used the raised capital in expansion and acquisition. Last year it acquired PeirPlay, the makers of Scrabble Go mobile. It also added FoxNext to its shopping list which was owned by The Walt Disney Co.

The One Billion Dollar Deal Of Scopely And GSN Games

The One Billion Dollar Deal Of Scopely And GSN Games

Ravi Ahuja, the chairman of global television studios and Sony Pictures Entertainment, shared his thoughts, “GSN Games has been a great business for Sony the last 14 years, and we are proud of the experiences the team continues to deliver for players around the world.”

He further added, “In meeting the Scopely team, we knew we found the right organization to support and accelerate the business. We are confident they will take GSN Games to new heights and SPE is pleased to be a minority shareholder in Scopely as a result of this transaction.”

Reinout te Brake

In a career spanning across 20+ years, Reinout te Brake has raised over 100+ Million Euros in Fundraising for a diversity of companies and has worked with several venture capitals firms. Helping gaming companies expand their brand reach, get the right story telling and make an impact on a global scale. Reinout te Brake has had the honor to counsel some of the major gaming companies operating on a global scale. For the last 12 years, he has devoted his major focus towards the niche of gaming consultancy to provide his insight and expertise to help gaming companies reach outstanding financial and business results.