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Saudi-Backed Scopely Acquires Majority Stake in Turkey’s Loom Games to Expand Mobile Portfolio
Deal strengthens Riyadh’s growing footprint in global gaming as Savvy Games Group subsidiary deepens investment in emerging studios
Scopely, the mobile games publisher owned by Saudi Arabia’s Savvy Games Group, has acquired a majority stake in Turkey-based studio Loom Games, marking another step in the kingdom’s expanding investment in the global gaming sector.
The transaction gives Scopely controlling ownership of the Istanbul-headquartered developer, which is known for its work on narrative-driven and multiplayer mobile titles.
Financial terms of the deal have not been publicly disclosed, but the acquisition underscores Scopely’s strategy of identifying high-growth studios in emerging gaming markets.
Scopely, which was acquired by Savvy Games Group in a multibillion-dollar transaction in 2023, has rapidly broadened its international footprint through investments and studio partnerships.
Savvy Games Group is backed by Saudi Arabia’s Public Investment Fund and forms part of the kingdom’s wider economic diversification strategy aimed at building a significant global presence in digital entertainment and esports.
Executives said Loom Games will continue to operate with creative autonomy while benefiting from Scopely’s publishing infrastructure, analytics capabilities and global distribution network.
The partnership is expected to accelerate Loom’s development pipeline and support the scaling of existing and future titles to a broader international audience.
Turkey has emerged as a notable hub for mobile game development over the past decade, producing several high-profile startups that have attracted foreign investment.
Industry analysts say Scopely’s move reflects continued investor confidence in the country’s engineering talent and entrepreneurial ecosystem.
Saudi Arabia has identified gaming as a strategic growth sector under its Vision 2030 transformation programme.
Through Savvy Games Group, the kingdom has invested in publishers, esports platforms and game developers worldwide, seeking to position itself as a leading force in interactive entertainment.
The acquisition of Loom Games reinforces that trajectory, strengthening Scopely’s portfolio and highlighting Saudi-backed capital’s growing influence in shaping the future of mobile gaming.
The transaction gives Scopely controlling ownership of the Istanbul-headquartered developer, which is known for its work on narrative-driven and multiplayer mobile titles.
Financial terms of the deal have not been publicly disclosed, but the acquisition underscores Scopely’s strategy of identifying high-growth studios in emerging gaming markets.
Scopely, which was acquired by Savvy Games Group in a multibillion-dollar transaction in 2023, has rapidly broadened its international footprint through investments and studio partnerships.
Savvy Games Group is backed by Saudi Arabia’s Public Investment Fund and forms part of the kingdom’s wider economic diversification strategy aimed at building a significant global presence in digital entertainment and esports.
Executives said Loom Games will continue to operate with creative autonomy while benefiting from Scopely’s publishing infrastructure, analytics capabilities and global distribution network.
The partnership is expected to accelerate Loom’s development pipeline and support the scaling of existing and future titles to a broader international audience.
Turkey has emerged as a notable hub for mobile game development over the past decade, producing several high-profile startups that have attracted foreign investment.
Industry analysts say Scopely’s move reflects continued investor confidence in the country’s engineering talent and entrepreneurial ecosystem.
Saudi Arabia has identified gaming as a strategic growth sector under its Vision 2030 transformation programme.
Through Savvy Games Group, the kingdom has invested in publishers, esports platforms and game developers worldwide, seeking to position itself as a leading force in interactive entertainment.
The acquisition of Loom Games reinforces that trajectory, strengthening Scopely’s portfolio and highlighting Saudi-backed capital’s growing influence in shaping the future of mobile gaming.
