‘Pokémon Go’ maker nears $3.5 billion deal to sell games unit
Niantic Inc., the company behind the 2016 hit Pokémon Go, is in talks to sell its video-game business to Saudi Arabia-owned Scopely Inc., according to several people familiar with the discussions.
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A deal could be announced in coming weeks. The price being discussed is about $3.5 billion, according to one of the people. Any agreement would involve the Pokémon title as well as other mobile games, according to the people, who asked not to be identified because the discussions are private. There’s no assurance an agreement will be reached.
The Pokémon Go game was a global phenomenon. But the company had trouble duplicating its runaway success and cut staff and cancelled some titles in development in 2022 and 2023. Its Harry Potter: Wizards Unite game shut down in 2022.
Representatives of Niantic and Scopely declined to comment. Scopely is owned by Savvy Games Group, a subsidiary of Saudi Arabia’s Public Investment Fund.
Niantic was spun out of Alphabet Inc.’s Google in 2015. Its chief executive officer and founder, John Hanke, worked in satellite mapping before leading Google’s Geo product division. Pokémon Go encouraged players to walk around their neighborhood with an interactive map to find the popular Nintendo Co. characters.
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