M&A Deal Summary

Savvy Games Group Acquires Scopely

On April 6, 2023, Savvy Games Group acquired digital media company Scopely from Revolution and TCG for 4.9B USD

Acquisition Highlights
  • This is Savvy Games Group’s 1st transaction in the Digital Media sector.
  • This is Savvy Games Group’s largest (disclosed) transaction.
  • This is Savvy Games Group’s 1st transaction in the United States.
  • This is Savvy Games Group’s 1st transaction in California.

M&A Deal Summary
Date 2023-04-06
Target Scopely
Sector Digital Media
Buyer(s) Savvy Games Group
Sellers(s) Revolution
TCG
Deal Type Add-on Acquisition
Deal Value 4.9B USD

Target

Scopely

Culver City, California, United States
website
Scopely is a free-to-play interactive entertainment network. With a network of more than 125 million users, Scopely has built the central monetization and distribution platform to publish genre-defining hit games for casual and core gamers. Scopely was formed in 2011 and is based in Culver City, California.

Search 193,711 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Savvy Games Group

Riyadh, Saudi Arabia

website

Category Company
Founded 2021
Sector Digital Media
DESCRIPTION

Savvy Games Group is a games and esports company formed with a mission to drive the long-term growth and development of esports and the broader games industry worldwide. Savvy Games Group was formed in 2021 and is based in Riyadh, Saudi Arabia.

DEAL STATS #
Overall 1 of 1
Sector (Digital Media) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 2

SELLER

Revolution

Investor Investor Investor Investor Investor

website

Category Growth Capital Firm
Founded 2005
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Revolution Growth is the growth capital investment arm of Revolution, an investment firm that also pursues seed and venture opportunities. Revolution Growth looks to invest $25 to $50 million in US-based companies looking for a partner to help them scale and expand. Revolution Growth is based in Washington DC.

DEAL STATS #
Overall 7 of 8
Sector (Digital Media) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (California) 2 of 2
Country (United States) 7 of 8
Year (2023) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-27 Resonate

Reston, Virginia, United States

Resonate is a SaaS-based provider of real-time consumer insights, data, and media activation and offers the single source of in-depth proprietary profiles on 200M+ US adult consumers. Resonate was founded in 2008 and is based in Reston, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-15 Cava

Washington, District of Columbia, United States

Cava owns and operator of 60 chef-casual restaurants across 10 states and a successful line of chef-crafted dips and spreads sold in more than 250 Whole Foods Market locations and other speciality grocery stores around the country. Cava was formed in 2011 and is based in Washington, District of Columbia.

Sell -
SELLER

TCG

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2010
Size Small
Type Sector Focused
DESCRIPTION

TCG (The Chernin Group) is a private investment firm focused on majority and minority investments in growing consumer businesses. Specific areas of interest include digital media, commerce, marketplaces, sports, gaming, consumer finance, and health/wellness. The Firm is a long-term investor and looks to work alongside companies to help build lasting value. TCG was originally formed in 2010 and is headquartered in Playa Vista, California.

DEAL STATS #
Overall 3 of 3
Sector (Digital Media) 2 of 2
Type (Add-on Acquisition) 3 of 3
State (California) 2 of 2
Country (United States) 3 of 3
Year (2023) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-31 Cars and Bids

San Diego, California, United States

Cars & Bids is an online destination for modern automotive enthusiasts. The online platform combines an auction website to buy and sell modern enthusiast cars with one of the most well-known YouTube channels in the sector. Cars and Bids is based in San Diego, California.

Buy -
Mergr

Product

Company

Legal