“Savvy, wholly owned by Saudia Arabia’s Public Investment Fund (PIF), agreed to buy mobile game maker Scopely for $4.9 billion last April, the same month the Monopoly title was released. Since then, the online iteration of the famous board game has grossed $2 billion in revenue.  Now, Scopely will form the “tip of the spear” for Savvy’s investment strategy. Savvy announced in 2022 that it had $38 billion in funding to help turn the oil-dependent nation into a hub for the video-game industry. The company has since invested $8.3 billion.” Cecilia D’Anastasio and Christine Burke, Saudi Arabia’s Savvy Games to Invest More in Mobile After ‘Monopoly Go’ [Bloomberg]