Scopely, a gaming company backed by Saudi Arabia’s Public Investment Fund, has reached a $3.5 billion (approximately Rs. 30,465 crore) deal to acquire Niantic’s gaming division. This includes Niantic’s popular mobile game, Pokémon Go. In addition to Pokémon Go, Scopely will also take over Pikmin Bloom and Monster Hunter Now, along with the development teams behind them, according to a statement released on Wednesday, confirming an earlier report by Bloomberg News. So, here is everything you need to know about this deal.
Niantic Pokemon Go: What’s The Deal?
Scopely reported that Niantic’s gaming division generated over $1 billion (approximately Rs. 8,702 crore) in revenue last year, with 30 million monthly active users.
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Meanwhile, Savvy Games Group, a subsidiary of Saudi Arabia’s Public Investment Fund (PIF), acquired Scopely for $4.9 billion two years ago. Savvy was established with a $38 billion (roughly Rs. 3,30,701 crore) investment aimed at positioning Saudi Arabia as a global gaming powerhouse.
Impact On GO Players With This Acquisition
For Nintendo Pokémon GO players, the acquisition will have little immediate effect. The core development team remains unchanged, and all scheduled events, updates, and game mechanics will proceed as planned. Additionally, Niantic’s partnership with The Pokémon Company remains intact, ensuring that future Pokémon releases and collaborations will continue to be incorporated into the game.
In the long term, players can anticipate greater investment in large-scale events, enhanced matchmaking for Raid Battles and the GO Battle League, and innovative new ways to engage with the real world through AR technology.
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