Tuesday, October 19, 2021

Scopely Buys GSN Games For $1 Billion

Los Angeles-based mobile games developer Scopely said on Monday that it is paying approximately $1 billion for GSN Games, the division of Game Show Network owned by Sony Pictures Entertainment. GSN Games owns a portfolio of free-to-play mobile and online games, and is best known for such titles as "Solitaire TriPeaks" and "Bingo Bash". According to Scopely, the deal is split between both cash and equity in the company, which will give SPE a minority interest in the company. Scopely said GSN Games has approximately 400 employees globally, which it will add to its team.