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Scopely, backed by Saudi Arabia’s Public Investment Fund, has acquired Niantic Labs' video game division for $3.5 billion, including the teams behind popular titles like Pokémon GO. This move supports the Kingdom's goal to boost its gaming sector's contribution to GDP to $13 billion by 2030. Niantic will also establish a new firm, Niantic Spatial, focusing on geospatial AI, funded with $250 million.
Scopely, backed by Saudi Arabia’s Public Investment Fund, has acquired Niantic Labs' video game division for $3.5 billion, including the teams behind popular titles like Pokémon GO. This move supports the Kingdom's goal to boost its gaming sector's contribution to GDP to $13 billion by 2030. Niantic will also establish a new firm, Niantic Spatial, focusing on geospatial AI, funded with $250 million.
Niantic Labs has sold its gaming division to Saudi Arabia's Scopely for $3.5 billion, marking a significant step in the Kingdom's ambition to become a gaming hub. This move follows Niantic's struggles post-'Pokémon Go,' including layoffs and game cancellations, as it shifts focus to geospatial AI innovations. The deal will also see Niantic distribute $350 million to equity holders and establish a new firm, Niantic Spatial, to continue its geospatial AI efforts.
John Hanke
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Scopely acquires Niantic Labs video game division for 3.5 billion dollars
11:23 13.03.2025
Scopely acquires Niantic Labs video game division for 3.5 billion dollars
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11:23 13.03.2025
scopely acquires niantic gaming division for 3.5 billion dollars
09:41 13.03.2025
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