Niantic, the creator of the wildly popular augmented reality game Pokémon Go, is reportedly negotiating a potential $3.5 billion sale of its video game division to Scopely, a Saudi-owned gaming company. According to Bloomberg, the deal would encompass Pokémon Go, the mobile game that captivated millions by blending the virtual world of Pokémon with real-world exploration. While a source speaking to Bloomberg on condition of anonymity indicated the deal is not finalized, a confirmation could arrive within weeks if approved. Niantic, Scopely, and its parent company, Savvy Games Group, have declined to comment publicly.
This potential acquisition follows Savvy Games Group's April 2023 purchase of Scopely for $4.9 billion, a move that came after the Saudi Arabian government expressed its intention to acquire a leading games publisher. Scopely boasts a portfolio of successful mobile games, including The Walking Dead: Road to Survival, Stumble Guys, Marvel Strike Force, and Monopoly Go. Further solidifying its position in the gaming industry, Savvy Games Group also acquired ESL and FACEIT, two prominent esports companies, for a combined $1.5 billion in 2022.
Crown Prince Mohammed bin Salman bin Abdulaziz articulated the Kingdom's broader vision, stating that Savvy Games Group is a key component of a strategy to establish Saudi Arabia as a global leader in the gaming and esports sectors by 2030. This initiative aims to diversify the Saudi economy, foster innovation within the gaming industry, and expand entertainment and esports competition offerings within the Kingdom.
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