Scopely to Acquire Niantic's Portfolio

Scopely to Acquire Niantic's Portfolio

Business

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.

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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.

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Scopely to Acquire Niantic's Portfolio

Business

20 February 2025 14:14

Tags: Niantic

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.

Share:

Sources:

Report mistake   

Submit news   

Related news

View All

Niantic Acquired by Scopely

Niantic, the developer behind Pokémon Go, has reached an agreement to be acquired by Scopely, a subsidiary of the Saudi...

Mergers and Acquisitions

Mar 13, 2025

Niantic Laying off 230 Employees

Niantic is laying off 230 employees and canceling ‘NBA All-World’ and ‘Marvel: World of Heroes".Leaked memo from the company said...

Business

Jun 30, 2023

Valnet Acquires Polygon

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Just a day after its significant legal victory over Apple, Epic Games has announced a new set of features...

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