Niantic Inc., the company behind Pokémon Go, is reportedly in discussions to sell its video game business to Scopely Inc., a mobile game company owned by Saudi Arabia’s Public Investment Fund. The deal, valued at approximately $3.5 billion, could be finalized in the coming weeks.
Also Read: Niantic Eyes $3.5 Billion Sale of Pokémon Go Business to Saudi-Owned Scopely
The sale is expected to include Pokémon Go and other Niantic mobile games. Despite its initial success, Niantic has faced challenges in recent years, leading to layoffs and canceled projects.
Scopely, owned by Savvy Games Group, has been expanding its presence in mobile gaming. This acquisition aligns with Saudi Arabia’s broader strategy to diversify its economy through investments in the gaming sector.
