Scopely, backed by the Saudi sovereign wealth fund, is set to acquire Niantic's gaming division, which features major titles like Pokémon Go, for $3.5 billion. The acquisition includes other titles such as Pikmin Bloom and Monster Hunter Now, along with the teams behind these games. Niantic, spun off from Google in 2015, previously generated over $1 billion in revenue with a user base of 30 million monthly active users. This move amplifies Savvy Games Group's effort to position Saudi Arabia as a leader in the global video game industry.
Saudi sovereign wealth fund-backed Scopely has agreed to acquire Niantic's gaming business for $3.5 billion, along with popular titles including Pokémon Go and Pikmin Bloom.
Scopely was purchased by Savvy Games Group for $4.9 billion, as part of Saudi Arabia's aim to create a major video games hub.
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