Savvy Games Group is contemplating a new multi-billion dollar deal. They are interested in Chinese companies
Recently, Savvy Games Group—a subsidiary of the Saudi Arabian Public Investment Fund—has been closely observing the Chinese gaming market. In an interview with the Financial Times, its CEO Brian Ward explained that the tense political relations between China and the USA have created a good opportunity for Savvy Games Group to strike a deal with local developers.
Genshin Impact
Ward explained that it is currently challenging for American companies to make acquisitions in China. Savvy Games Group, which faces no such restrictions, intends to capitalize on this.
Whether Savvy Games Group already has potential targets in mind, Ward did not disclose. However, as reported by the Financial Times, the value of the new deal might be in the billions of dollars.
Ward stated that Savvy Games Group aims to become the largest company in the gaming and esports segment. To achieve this, in 2023, it acquired Scopely for $4.9 billion, which recently purchased the gaming division of Niantic for $3.5 billion. According to the manager, the organization has already achieved remarkable results. Currently, it ranks eighth among global publishers with the highest net revenue, and if only mobile publishers are considered, Savvy Games Group climbs to the second position, trailing only Tencent.