Sony Pictures Entertainment announced a deal to sell GSN Games, a division of Game Show Network, to mobile-games company Scopely for about $1 billion in cash and stock. GSN Games’s portfolio …
GSN Games’s portfolio of free-to-play mobile and online games includes “Solitaire TriPeaks,” “Bingo Bash” and “Wheel of Fortune Slots,” among other titles. Scopely will pay half the $1 billion purchase price in cash and the remainder in preferred equity, which will give SPE with a minority interest in Scopely. The deal is subject to regulatory approvals and other usual closing conditions.
In 2007, the GSN brand expanded into online games, creating and acquiring games to build its portfolio. Since then, GSN Games has brought both Solitaire and Bingo brands to life online and on mobile. “Bingo Bash,” the original bingo brand that redefined traditional bingo play, launched in 2011 and was acquired by GSN Games in 2014; that same year, the GSN Games team also launched “Solitaire TriPeaks.
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