Gaming Giant Niantic Strikes Massive $3.5B Deal with Saudi Investors

In a groundbreaking gaming industry move, Scopely has announced its ambitious $3.5 billion acquisition of Niantic's video game division, which notably includes the globally popular Pokémon Go. This significant transaction comes on the heels of Saudi Arabia's sovereign wealth fund's strategic investment in Scopely during 2023, signaling a major shift in the mobile gaming landscape.
The deal represents a substantial investment in augmented reality gaming and highlights Scopely's commitment to expanding its portfolio with innovative, location-based gaming experiences. By bringing Niantic's renowned game development expertise under its umbrella, Scopely is positioning itself as a powerhouse in the interactive entertainment market.
Pokémon Go, which revolutionized mobile gaming when it launched in 2016, will be a crown jewel in this acquisition, potentially opening new avenues for growth and technological innovation in the gaming sector.