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Bloomberg: Pokémon Go Developer Niantic in Talks to Sell Game Business

posted on by Joanna Cayanan
Saudi Arabia-owned mobile game developer/publisher Scopely reportedly in talks

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Bloomberg reported on Wednesday that Niantic Inc. is in talks to sell its video game business to Scopely, a Saudi Arabia-owned mobile game developer and publisher, according to "several people familiar with the discussions."

According to Bloomberg's sources, the price being discussed is $3.5 billion, and a deal could be announced in the coming weeks — but Bloomberg added that there is no assurance that an agreement will be reached. Any agreement will include the Pokémon Go game and Niantic's other mobile games.

Niantic and debuted in 2021.

Niantic's streaming the anime worldwide in April 2019.

Niantic most recently launched in September 2023.

Savvy Games Group, a subsidiary of the Kingdom of Saudi Arabia's Public Investment Fund (PIF, which is chaired by the kingdom's Crown Prince Mohammed bin Salman), acquired Scopely for US$4.9 billion in 2023. Savvy Games Group and Niantic already Toei, Nintendo, and other Japanese companies.

The separate Mohammed bin Salman Foundation, founded by Mohammed, owns the Saudi studio SNK.

In February 2021, the U.S. Office of the Director of National Intelligence assessed that Crown Prince Mohammed bin Salman approved an operation in Istanbul, Turkey to capture or kill Jamal Khashoggi. Khashoggi was a Saudi journalist who relocated to the United States and wrote for The Washington Post newspaper before being killed in 2018. The Saudi Arabian government "completely reject[ed]" the U.S. assessment. Crown Prince Mohammed bin Salman has also been criticized for pursuing a war in Yemen that caused a humanitarian disaster and for cracking down on dissenting voices. He has alternately been praised for ending a ban on women drivers in 2018.

Sources: Bloomberg (Michelle F Davis and Cecilia D'Anastasio) via Hachima Kikō, Yahoo! Finance


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