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Niantic Negotiates $3.5B Sale of Pokémon GO Division

2/19/2025

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Summary

Story summary

Niantic is in talks to sell its gaming division, including the beloved Pokémon GO, to Scopely for around $3.5 billion. This potential sale, anticipated to be revealed soon, comes as Niantic faces challenges in creating new successes and has recently undergone layoffs. Scopely, backed by Saudi Arabia's Savvy Games Group, aims to enhance its mobile gaming offerings.

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Story summary

Niantic is in talks to sell its gaming division, including the beloved Pokémon GO, to Scopely for around $3.5 billion. This potential sale, anticipated to be revealed soon, comes as Niantic faces challenges in creating new successes and has recently undergone layoffs. Scopely, backed by Saudi Arabia's Savvy Games Group, aims to enhance its mobile gaming offerings.