Disney Is Selling Mobile Game Developer FoxNext Off To Scopely
After months of speculation as to what Disney was going to do with FoxNext, we now know the company is going to be sold off to Scopely. The word came down this morning as they will also acquire Cold Iron Studios in San Jose from them as well. As the company continues to purge all mentions of FOX from their current properties, word came down in Q4 of 2019 that they were looking to part ways with the mobile developer. Which is insane seeing how popular Marvel Strike Force is. Here's what all parties involved had to say about the sale.
"We have been hugely impressed with the incredible game the team at FoxNext Games has built with Marvel Strike Force and can't wait to see what more we can do together," said Tim O'Brien, Chief Revenue Officer at Scopely. "In addition to successfully growing our existing business, we have been bullish on further expanding our portfolio through M&A, and FoxNext Games' player-first product approach aligns perfectly with our focus on delivering unforgettable game experiences. We are thrilled to combine forces with their world-class team and look forward to a big future together."
"I'm extremely proud of what our talented team at FoxNext Games has built and accomplished in just a few years, and look forward to joining forces with the impressive team at Scopely, who have a well-deserved reputation as one of the preeminent companies in the free-to-play games arena," said Aaron Loeb, FoxNext Games President.
Added Amir Rahimi, FoxNext Games Senior Vice President & General Manager: "Both FoxNext Games and Scopely are committed to bringing beloved worlds to life through interactive gaming experiences designed to be played for years to come, and we believe this shared focus, coupled with our businesses' unique strengths and Scopely's expertise across multiple game genres, will lead to even greater success in the future." Upon completion of the transaction, Loeb will join Scopely in a newly created executive role and Rahimi will lead the FoxNext Games Los Angeles studio within Scopely as President, Games.