Sony Pictures Entertainment To Sell GSN Games Division To Scopely For $1B

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 of free-to-play mobile and online games includes Solitaire TriPeaks, Bingo Bash and Wheel of Fortune Slots. 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.