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Niantic Sells Gaming Division for $3.5B, Shifts Focus

3/13/2025

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Summary

Story summary

Niantic Labs is making a bold move, selling its video-game division to Saudi-owned Scopely for a staggering $3.5 billion. This shift allows Niantic to pivot towards geospatial technology after facing challenges since "Pokemon Go." Meanwhile, Saudi Arabia aims to transform into a gaming powerhouse, investing $38 billion in the industry. Niantic will also launch Niantic Spatial, under the leadership of CEO John Hanke.

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Story summary

Niantic Labs is making a bold move, selling its video-game division to Saudi-owned Scopely for a staggering $3.5 billion. This shift allows Niantic to pivot towards geospatial technology after facing challenges since "Pokemon Go." Meanwhile, Saudi Arabia aims to transform into a gaming powerhouse, investing $38 billion in the industry. Niantic will also launch Niantic Spatial, under the leadership of CEO John Hanke.