Pokémon Go Developer Niantic Reportedly in Talks to Sell Video Game Business to Saudi-Owned Company Behind Stumble Guys
Pokémon Go developer Niantic is reportedly in talks to sell its video game division to Saudi-owned Scopely for $3.5 billion.
As first reported by Bloomberg, the sale would likely include Pokémon Go, the hit augmented-reality mobile game that sends players out into the real world to collect Pokémon.
A source talking to Bloomberg under the promise of anonymity said that while the deal was by no means complete, if approved, it could be confirmed in a matter of weeks.
Neither Niantic, Scopely, nor its owner Savvy Games Group were prepared to comment publicly on the reported acquisition.
Savvy Games Group acquired Scopely back in April 2023 in a deal worth $4.9 billion that came after the Saudi Arabia government said it wanted to buy "a leading games publisher." Scopely publishes a range of hit mobile titles, most notably The Walking Dead: Road to Survival, Stumble Guys, Marvel Strike Force, and Monopoly Go.
Savvy Gaming Group also purchased two of the world's biggest esports companies, ESL and FACEIT, for a total of $1.5 billion in 2022.
“Savvy Games Group is one part of our ambitious strategy aiming to make Saudi Arabia the ultimate global hub for the games and esports sector by 2030,” Saudi Crown Prince Mohammed bin Salman bin Abdulaziz said at the time.
“We are harnessing the untapped potential across the esports and games sector to diversify our economy, drive innovation in the sector, and further scale the entertainment and esports competition offerings across the Kingdom.”
Vikki Blake. Reporter. Critic. Columnist. Consultant. Guardian. Spartan. Silent Hillian. Legend. High Chaos.
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