Written by Dante Uzel on 20 February 2025 14:14
Niantic, the developer behind Pokémon Go, is reportedly considering selling its video game portfolio to Scopely, a subsidiary of Savvy Games Group. While the deal has not been confirmed and neither Niantic nor Scopely have publicly commented, Bloomberg suggests the sale could include Niantic's flagship augmented reality game, Pokémon Go.
If finalized, the deal could be valued at up to $3.5 billion, with a potential announcement expected in the coming weeks.
More:FACEIT Unveils PUBG MOBILE Events
Scopely was acquired by Savvy Games Group, a Saudi Arabian multinational gaming investment firm, in July 2023 for $4.9 billion. Last month, the company appointed Nika Nour as Senior Vice President and Head of International Business Development.
Saudi Arabia has increasingly invested in the gaming and esports industries, with its Public Investment Fund (PIF) committing $38 billion to the sector. The PIF holds stakes in major companies such as Electronic Arts, Nintendo, Nexon, and Capcom. Additionally, Saudi Arabia will host the first-ever Olympic Esports Games, scheduled for 2027.
Tags: Niantic
Related news
