Niantic, the developer behind Pokemon Go, is reportedly in talks with Scopely Inc regarding a sale of its games division valued at approximately $3.5 billion. The discussions follow a challenging period for Niantic, which saw the shutdown of several titles, including Harry Potter and Marvel games. The potential deal reflects Saudi Arabia's aggressive investments in the gaming industry as it aims to diversify its economy. Despite the success of Pokemon Go, Niantic has struggled to replicate this with other titles, prompting the possible sale to Scopely, following their acquisition by Savvy Games.
Niantic is reportedly in discussions to sell its games division to Scopely Inc for roughly $3.5 billion, focusing mainly on its game assets like Pokemon Go.
The deal signifies Saudi Arabia's ongoing investment strategy in the gaming sector, aimed at diversifying its economic investments beyond oil.
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