'Pokemon Go' Maker Niantic to Sell Game Division to Saudi-Owned Scopely for $3.5 Billion
Niantic said it would distribute an extra $350 million to its equity holders under the deal. It will also spin off its geospatial AI business into a new firm called Niantic Spatial, which will be led by Niantic founder and CEO John Hanke.
Pokemon Go maker sells off games division to Saudi company for $3.5B
Niantic Labs is selling its video-game division to Saudi Arabia-owned Scopely for $3.5 billion US, as the American augmented reality firm shifts focus to geospatial technology after failing to recreate the success of its 2016 smash hit Pokemon Go.
Scopely, a mobile game company, will purchase 'Pokémon Go' and other games from developer Niantic in a deal worth $3.5 ...
Pokémon Go is one of the biggest mobile games in the world, with the augmented reality video game becoming a global phenomenon since its release during the summer of 2016. While Niantic hadn't been ...
Pokémon Go is now owned by Scopely which means it is now technically owned by the Saudi Arabian government's Savvy Games ...
Pokémon Go became a cultural sensation upon launch, blending augmented reality (AR) with real-world exploration.
The Pokémon brand is owned jointly by Nintendo, Game Freak, and Creatures, which granted Niantic the license to develop the ...
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