Niantic Sells 'Pokémon Go' and Other Games to Scopely in $3.5 Billion Deal
The sale, pending regulatory approval, shifts ownership of Niantic's major titles to Scopely, backed by Saudi Arabia's Public Investment Fund.
- Niantic has agreed to sell its mobile games division, including 'Pokémon Go,' 'Pikmin Bloom,' and 'Monster Hunter Now,' to Scopely for $3.5 billion.
- Scopely, owned by Saudi Arabia's Public Investment Fund, will retain the original development teams for these games.
- Niantic plans to focus on artificial intelligence, geospatial technology, and its new venture, Niantic Spatial, which aims to advance geospatial AI.
- 'Pokémon Go' remains a dominant force in Niantic's portfolio, with 20 million weekly active players and daily usage averaging 40 minutes.
- The transaction, which includes a $350 million payout to Niantic shareholders, awaits regulatory approval and is expected to close by the end of the year.