- “When I say megadeal, I mean a scaled global franchise doing hopefully at least a billion dollars in revenue.”
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Monopoly Go maker Scopely is gearing up for a “megadeal” acquisition next year.
According to mobilegamer.biz, the company’s chief revenue officer, Tim O’Brien, shared the plans during a subscriber-only Q&A at Variety’s Entertainment & Technology Summit.
“I hope that we announce at least one megadeal,” said O’Brien when asked about the company’s plans for 2025.
“When I say megadeal, I mean a scaled global franchise doing hopefully at least a billion dollars in revenue.”
While the Monopoly Go publisher has recently made low-level private investments, Scopely has not made large-scale investments yet, “but you’ll hear about some coming up, probably pretty soon.”
Leveraging Savvy’s M&A budget
Scopely’s M&A team is leading the charge in deploying the $38 billion that Savvy Games Group has allocated for game acquisitions, according to O’Brien.
In partnership with Savvy, Scopely is now focused on acquiring “world-class game development talent” and stable, growing franchises.
While not all of the $38 billion will go through Scopely, the company is prepared to make significant moves in the games industry, actively engaging with developers globally, including in China, Japan, South America, and Europe.
“We spent a good amount of time on strategy and what we want to accomplish, which should be to become the largest games company in the world. And we’re out getting ready to execute that right now,” said O’Brien.
Navigating industry challenges
O’Brien also shared that Monopoly Go has significantly improved its KPIs since its launch a year and a half ago.
He noted that Scopely has doubled in size since its acquisition by Savvy and has avoided layoffs while experiencing growth.
“Like many industries, the games industry had a number a large layoffs the last couple years – we’re very fortunate that we have not – in fact, we’ve been growing at an accelerated rate,” he said.
We recently named Scopely in our Top 50 Mobile Game Makers 2024 list.