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When Walter Driver co-founded the mobile gaming company Scopely in 2011, he never thought that one day it would have more than 100 million monthly players. As it approached that milestone, its wildly popular games like Marvel Strike Force and Yahtzee With Buddies also caught the attention of the Saudi government-backed esports company Savvy Games. In July 2023, Savvy acquired the Los Angeles-based Scopely for $4.9 billion, making it one of the largest gaming deals ever. We spoke to Driver about growth through acquisition, and how to negotiate a multibillion-dollar deal. --As told to Kevin J. Ryan
"The discussions with Savvy Games started organically, as we were introduced by mutual friends. While we weren't actively looking to sell, we were always looking for opportunities to expand our potential. No matter how much talent you have inside your company, there's always more talent outside of it, which is why Scopely has done nine acquisitions. Savvy Games has huge ambitions and a significant amount of capital that can help us with future M&A. It wanted to challenge us to think bigger and longer-term.
A refreshed look at leadership from the desk of CEO and chief content officer Stephanie Mehta
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07.12.2023
Best in Business 2023: Meet 215 Companies That Tap Profits to Make a Positive Impact
How Keke Palmer Is Uplifting a New Generation of Black Creatives
Why Julie Products Donates 1 Product for Every 1 Sold
How This Startup Went Viral on TikTok After Accepting Only Beans as Currency
What to Do When Low Turnover Becomes a Problem
How Jennifer Garner and Business Partner John........
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