Niantic, the powerhouse behind the globally renowned Pokemon GO, is commemorating a milestone this year: a whole decade of adventuring through augmented reality on both iOS and Android platforms. Yet, the journey has been anything but smooth, with a series of controversial business maneuvers ruffling feathers among its loyal fanbase.
In a twist that could further complicate the situation, Bloomberg has disclosed that Niantic is reportedly in discussions to divest its gaming division to Scopely. For those unfamiliar, Scopely is backed by Savvy Games Group, a company under Saudi ownership. While talks are still simmering, they’re eyeing a staggering price tag of around $3.5 billion.
If an agreement were to materialize, all of Niantic's mobile properties—including popular titles like Pokemon GO and Pikmin Bloom—would be swept up in the transaction. While we might hear an announcement in the upcoming weeks, it’s crucial to highlight that no deal has been confirmed yet, and everything remains in flux.
SourceBloomberg