Sony Pictures Entertainment will sell its video game studio GSN Games to the mobile gaming firm Scopely in a deal valued at $1 billion.
The deal, which is a 50-50 mix of cash and Scopely stock, will make Sony a significant minority shareholder in the gaming company. GSN CEO Mark Feldman will continue to oversee GSN Games under the Scopely umbrella
GSN Games had been a part of Game Show Network, which Sony took control of in 2019. It develops mobile and online casino games based on solitaire, poker, bingo and other games. It also produced a Wheel of Fortune-themed slots game (Wheel of Fortune is also owned by Sony).
