Pokemon Go developer Niantic is reportedly in discussions to promote its video games division to Saudi Arabia-owned Scopely Inc for roughly $3.5 billion. Scopely was acquired by Saudi Arabia owned Savvy Games in 2023 for $4.9 billion.
Reported by Bloomberg, the deal may very well be introduced within the coming weeks, though an settlement has not but been made, so the deal may fall by means of. The deal is particularly for Niantic’s video games division and never the AR firm in its entirety. The acquisition would come with Niantic’s present video games as properly, together with the extremely common Pokemon Go. Each corporations declined to touch upon the Bloomberg report. Niantic partnered with Savvy Games to increase Pokemon Go operations into Saudi Arabia, United Arab Emirates, and Egypt (through Pocketgamer.biz).
This report comes after Niantic has struggled to search out success for its titles outdoors of Pokemon Go. The corporate’s Harry Potter cellular recreation shut down in 2021 and Niantic laid off 230 folks in 2023 after canceling a Marvel mission and shutting down NBA All-World.
Saudi Arabia has been investing closely in video games lately. In 2022, it was reported that the nation was seeking to make investments $38 billion into online game corporations and it has made important investments in corporations like Nintendo. The deal to buy Niantic’s video games division could be one of many bigger investments the nation has made in an effort to diversify the nation’s financial investments.
In 2024 Niantic introduced that it had used Pokemon Go participant information to coach an actual-world navigation AI, with the corporate later stating it does not need that information used for conflict. Just lately, the corporate introduced a partnership between Main League Baseball and Pokemon Go to position themed PokeStops in stadiums, along with some golf equipment internet hosting Pokemon Go nights in the course of the baseball season.