Sony Pictures Entertainment has sold GSN Games, a division of its Game Show Network subsidiary, to mobile gaming specialist Scopely for $1 billion. Half of the purchase price will be paid in cash and
Scopely gets GSN Games' library, while Sony Pictures Entertainment will become a minority stakeholder in the company.
High demand for videogames since the coronavirus outbreak has been boosting sales of consoles and games from Microsoft Corporation (MSFT), Electronic Arts (EA) and Sony Corporation (SNE).
The acquisition binge strengthens SONY's long-standing business relationships with the game developers, as it intends to create more ambitious projects in the future by leveraging their rich talent po
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