Maker of Pokémon Go Agrees to Sell Unit to Saudi Fund
Scopely said it would buy Niantic’s video game business, which includes Pokémon Go, for $3.5 billion. Saudi Arabia’s sovereign wealth fund acquired Scopely in 2023.
Pokemon Go maker sells off games division to Saudi company for $3.5B
Niantic Labs is selling its video-game division to Saudi Arabia-owned Scopely for $3.5 billion US, as the American augmented reality firm shifts focus to geospatial technology after failing to recreate the success of its 2016 smash hit Pokemon Go.
‘Pokémon Go’ Maker Niantic Sells Off Gaming Division, Doubling Down on Geospatial AI & AR Tech
Niantic, the company behind hit mobile game Pokémon Go (2016), announced the sale of its gaming division to Scopely for $3.85 billion, confirming a previous Bloomberg report. Furthermore, the company now says it’s focusing on advancing its AI-powered geospatial technology and AR tech.
Niantic, Maker Of Pokemon Go And Monster Hunter Wilds, Sells Gaming Units For $3.5 Billion
Scopely is now the owner of hit mobile gaming titles such as Pokémon Go, after Niantic shifts focus to its geospatial business.
‘Pokémon Go’ Maker Niantic’s Video Game Division Acquired By Scopely For $3.5 Billion
Mobile gaming firm Scopely is paying $3.5 billion to acquire the video game business of Niantic, including leading titles like Pokémon GO.
'Pokemon Go' Maker Niantic to Sell Game Division to Saudi-Owned Scopely for $3.5 Billion
Niantic said it would distribute an extra $350 million to its equity holders under the deal. It will also spin off its geospatial AI business into a new firm called Niantic Spatial, which will be led by Niantic founder and CEO John Hanke.
Mobile Game Giant Scopely Acquires ‘Pokémon GO’ Maker Niantic for $3.5B
Gotta catch ’em all” applies to more than Pokémon. On Wednesday, Saudi-led mobile game maker Scopely will pay $3.5 billion for American mobile game studio Niantic and its augmented reality assets. Niantic will hand over its revolutionary interactive Pokémon GO,
Scopely to Acquire ‘Pokémon Go’ Maker Niantic’s Games Division for $3.5 Billion
Mobile gaming giant Scopely will acquire the games division of Niantic, the software developer behind “Pokémon Go,” in a deal ...
Saudi Arabia buys Pokémon GO maker for $3.5 billion with a 'B'
Mobile game publisher Scopely, owned by the Saudi royal investment fund, has announced the acquisition of Pokémon GO and ...
Monopoly Go maker buying Pokémon Go for $3.5bn
Pokémon Go will be sold to Monopoly Go maker Scopely as part of a $3.5bn deal, developer Niantic has confirmed.
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Pokemon GO maker Niantic bought by Scopely for $3.5 billion
Niantic, the studio behind the extremely popular app Pokemon GO have been acquired by mobile gaming firm Scopley for $3.5 ...