Niantic Labs has announced the sale of its game division to Scopely for $3.5 billion, inclusive of its major AR titles like Pokémon Go and Monster Hunter Now. Despite the acquisition, Niantic will retain some titles like Peridot and Ingress. This deal comes as Niantic's player base has dwindled significantly from its initial success in the mobile gaming space, facing failures in replicating their Pokémon Go success with other franchises. The sale reflects the ongoing challenges faced by Niantic in maintaining its market presence and the massive financial backing from Scopely's Saudi fund.
Scopely has agreed to purchase Niantic's game division for $3.5 billion, which includes popular AR games such as Pokémon Go and Monster Hunter Now.
Niantic's games division is significantly diminished, with Pokémon Go's monthly players dropping from 230 million to around 80 million, despite early massive success.
The deal, still pending regulatory approval, allows Scopely to acquire Niantic's talented gamemakers along with its popular AR game portfolio.
Niantic has faced challenges in replicating the success of Pokémon Go, leading to game cancellations and layoffs, highlighting its diminished market position.
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