Pokemon Go Developer In Talks To Sell Games Division To Saudi Arabia's Savvy For $3.5 Billion - Report
Pokemon Go developer Niantic is reportedly in discussions to sell its games division to Saudi Arabia-owned Scopely Inc for roughly $3.5 billion. Scopely was acquired by Saudi Arabia owned Savvy Games in 2023 for $4.9 billion.
Reported by Bloomberg, the deal could be announced in the coming weeks, although an agreement has not yet been made, so the deal could fall through. The deal is specifically for Niantic's games division and not the AR company in its entirety. The purchase would include Niantic's current games as well, including the highly popular Pokemon Go. Both companies declined to comment on the Bloomberg report. Niantic partnered with Savvy Games to expand Pokemon Go operations into Saudi Arabia, United Arab Emirates, and Egypt (via Pocketgamer.biz).
This report comes after Niantic has struggled to find success for its titles outside of Pokemon Go. The company's Harry Potter mobile game shut down in 2021 and Niantic laid off 230 people in 2023 after canceling a Marvel project and shutting down NBA All-World.
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