Niantic Labs has sold its video game division to Scopely for $3.5 billion, struggling to replicate the success of its AR games. The deal includes popular titles Pokémon Go, Monster Hunter Now, and Pikmin Bloom, which Niantic hopes will benefit from Scopely's support. CEO John Hanke believes this partnership ensures lasting investment in these games. The acquisition awaits regulatory approval; however, certain titles like Peridot and Ingress will remain with Niantic. This sale reinforces Saudi Arabia's expanding presence in the gaming sector, following multiple investments in major gaming companies.
Niantic has entered into an agreement to sell its gaming division, including popular titles such as Pokémon Go, to Scopely for $3.5 billion.
Niantic CEO John Hanke expressed confidence that the sale would provide long-term support for their games, ensuring they continue to connect people and inspire exploration.
The acquisition by Scopely is subject to regulatory approval, but it indicates Saudi Arabia's growing influence in the gaming industry through strategic investments.
Despite its initial success with Pokémon Go, Niantic faced challenges during the pandemic, resulting in project cancellations and job layoffs as it navigated market difficulties.
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