Niantic's Pokémon Go Business Acquired for $3.5 Billion
March 13, 2025 - 14:02
In a significant move within the gaming industry, Scopely has announced its acquisition of Niantic's video game division, which notably includes the immensely popular Pokémon Go, for a staggering $3.5 billion. This acquisition marks a pivotal moment for both companies, as Scopely continues to expand its portfolio in the mobile gaming sector.
Niantic, known for its innovative augmented reality experiences, has seen Pokémon Go become a cultural phenomenon since its launch in 2016. The game has not only generated substantial revenue but has also fostered a dedicated community of players worldwide. With this acquisition, Scopely aims to leverage Niantic's expertise and technology to enhance its own gaming offerings.
The transaction is particularly notable given that Scopely itself was acquired by Saudi Arabia's sovereign wealth fund earlier this year, signaling a growing interest in the gaming market from international investors. As the gaming landscape evolves, this acquisition could lead to exciting new developments for fans of Pokémon Go and mobile gaming enthusiasts alike.
MORE NEWS
June 19, 2025 - 03:16
Blumhouse Games Showcases Distinct Horror Experiences at Summer Game FestAt this year`s Summer Game Fest, Blumhouse Games unveiled two intriguing horror titles, `Grave Seasons` and `Crisol,` demonstrating their commitment to delivering immersive gaming experiences. Each...
June 18, 2025 - 00:36
The Impact of Gaming Companies on Consumers and the CommunityVideo game modding, often referred to as modifying, has been an integral aspect of the gaming community since the inception of video games. This creative outlet allows players to alter game content...
June 17, 2025 - 00:34
Disappointment Surrounds Release of Space Marine Mastercrafted EditionFans eagerly anticipating the release of the Mastercrafted Edition of Space Marine have expressed their frustration and disappointment. Promised as an enhanced version of the beloved game, the...
June 16, 2025 - 10:15
Cybercriminals Exploit Popular Games in Millions of Attack AttemptsRecent findings reveal that cybercriminals are increasingly using popular video games as bait in their malicious schemes. Kaspersky has identified over 19 million attempts to download harmful or...