Savvy Games Group plots PC and console M&A

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Savvy Video games Group is plotting M&A exercise within the PC and console house after increasing its cellular presence with the acquisitions of Scopely and Niantic’s video games enterprise.

Chatting with PocketGamer.biz at GDC, the corporate’s CEO Brian Ward stated PC and console has at all times been a part of its plans, however it has but to land on something “tremendous compelling and that might be a superb match for us”.

“We’re nonetheless form of working that out,” stated Ward, including that it has been centered on supporting Scopely in rising its enterprise as a precedence.

“However we do want to show our thoughts to PC and console. That could possibly be by the lens of Scopely, however there could possibly be one thing that is not in Scopely’s wheelhouse additionally, however hopefully we’ll determine that out shortly.”

Requested whether or not Savvy has any plans for the net gaming house, Ward stated there hadn’t been many discussions round M&A associated to the market.

“No person’s even truly raised it internally to say that is one thing we should always have a gathering about,” he said.

M&A path

So far, Savvy Video games Group’s M&A exercise has largely centered on the cellular and esports markets. It acquired Scopely for $4.9 billion in 2023, with the Monopoly Go developer not too long ago buying Niantic’s video games enterprise, together with Pokémon GO, in a $3.5bn deal – backed by Savvy’s funds.

Within the esports house, it has acquired ESL and FACEIT (forming the ESL FACEIT Group) and invested in Hero Esports.

Within the PC and console house, Savvy has beforehand acquired a small stake in European writer Embracer Group. It backed out a deal for additional funding in Might 2023, sparking a monetary disaster at Embracer that led to mass layoffs, closures and finally a split-off into separate public entities.

Savvy additionally owns stakes in Nintendo, Capcom and EA, amongst others, after Saudi Arabia’s Public Funding Fund introduced it could switch its gaming shares to the corporate.