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Savvy Games Group is a Saudi multinational video game investment, development, publishing and Esports company based in Riyadh, Saudi Arabia.Established in 2021, the company was founded by the Saudi Arabia's sovereign wealth fund Public Investment Fund to foster the growth of the gaming industry in Saudi Arabia and to invest in foreign video game companies.
In October 2021, Scopely acquired Game Show Network's online gaming division (GSN Games) from Sony in a $1 billion cash and stock deal. Sony Pictures took a minority stake in the company as a result. [19] [20] Savvy Games Group announced its intent to acquire Scopely, Inc for $4.9 billion on April 5, 2023.
The company has administered leagues for games such as Counter-Strike 2, League of Legends, Rocket League, Tom Clancy's Rainbow Six Siege, Dota 2 and Team Fortress 2. In 2022, it was announced that FACEIT and esports company ESL were being acquired by Savvy Games Group (SGG), a holding company owned by Saudi Arabia's Public Investment Fund ...
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ESL Gaming GmbH (formerly known as Electronic Sports League) is a German esports organizer and production company that produces video game competitions worldwide. ESL was the world's largest esports company in 2015, [1] and the oldest that is still operational. [2]
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Savvy Gaming Group (later Savvy Games Group), a company wholly owned by Saudi Arabia's Public Investment Fund, invested about $1 billion into Embracer Group in June 2022, gaining an 8.1% stake. [64] Embracer Group transitioned from Nasdaq First North to Nasdaq Stockholm on 22 December 2022. [65]
Embracer Group faced a setback when a $2 billion deal with an anonymous partner fell through, later revealed to be Savvy Games Group. Savvy, owned by Saudi Arabia’s sovereign wealth Public Investment Fund, had already invested $1 billion in Embracer. [69]