Pokémon Go maker Niantic sells its game division to Saudi-owned Scopely

Niantic laboratories just announced that after . The company owned by Saudi Arabia has Scopely To $ 3.5 billion. Scopely built in Los Angeles, but was purchased using money from the Saudi Arabia’s wealth fund, otherwise the Saudi State Investment Fund (PIF) is called.

The contract includes the majority portfolio of AR games Pokémon go, Monster hunter now and Pikmin blossombetween several others. This includes the company’s social companion applications Pokémon goCampfire and Wayfarer. The bargain is still subject to regulatory approval and other closing conditions.

Scopely says, “The leading games of the exceptional gameMarker and category of Niantic.” But there are several hoods missing from this purchase. Nianik Laboratories will keep AR game names Peridot and Expulsion.

Scopely mobile games is a great player in the industry. The company behind these games like this Star Trek Fleet Command, Marvel Strike Power and Go to Monopoly!to name a few.

When it comes to the division of Nianik’s game, it is the shadow of his past. Pokémon go In the first year, more than 500 million players attracted more than 500 million, but in recent the remaining game. At its peak, the mobile monster battler drew more than 230 million players every month. Currently, this number has shrunk by about 80 million.

The company also struggled to repeat the pikachu in a glass with other names of lightning. He tried to reac Pokémon go Formula on other franchise such as Harry Potter and NBA basketball, but nothing was pasted. Monster hunters and pikmin projects are still active.

This is niantic to cancel multiple games and . Niantic’s assessment has justified several hit and the company’s long-term “Real World Metabverse”. If the sale passes, the company will direct the standalone presence to build a Niantic space. This group builds Real-World 3D maps and leads the company’s CEO John Hanke.

Saudi PIF became a great player in the gaming industry in recent years. This is not only a mild and its parent company Savvy Games has a group of games, but has financial share in organizations such as Nintendo, EA and Activision Blizzard.