Niantic Labs has announced the sale of its video game division to Saudi Arabia-owned Scopely for $3.5 billion, marking a significant shift in focus towards geospatial technology. This move comes after Niantic's failures to replicate the soaring success of Pokemon Go, leading to layoffs and the cancellation of projects like Harry Potter: Wizards Unite. The deal also ties into Saudi Arabia's broader ambition to develop a gaming hub, supported by its investments through the Savvy Games Group. Niantic will establish a new company, Niantic Spatial, focused on artificial intelligence, adding to the strategic landscape of global gaming investments.
Niantic Labs’ decision to sell its gaming division to Scopely for $3.5bn underscores a shift towards geospatial technology, after struggling to duplicate Pokemon Go's success.
The deal not only benefits Niantic by allowing it to refocus but also fuels Saudi Arabia's ambitions to position itself as a leading global hub for gaming.
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