Niantic, the creators of Pokemon GO and Pikmin Bloom are reportedly looking to sell off their game business.
This is according to a report published by Bloomberg, whose inside sources claim that Niantic is in talks to sell their game business to Saudi Arabia-backed Scopely Inc for $3.5 billion. Scopely Inc is owned by Savvy Games Group, a subsidiary of Saudi Arabia’s Public Investment Fund. The PIF owns stake in a number of different game companies, including a 6.3% stake in Nintendo.
While the deal itself has yet to be made official, but if it does go through, the insiders expect it could be officially announced sometime in the coming weeks. Stay tuned for more updates as they come.
It looks like Pokemon GO creator Niantic Labs will be slamming down the hammer of justice very soon. The company has reportedly filed a lawsuit against Global++, an association of hackers who created the hacked app PokeGo++. PokeGo++ is an "unauthorized derivative version" of the normal Pokemon GO – and Niantic asserts…
As you know, there are ways for trainers playing Pokemon GO and Pokemon Let's GO Pikachu/Eevee on Nintendo Switch to connect their games with each other, to receive exclusive Pokemon such as Meltan and other rewards. This strategy helped to attract many Pokemon GO trainers to buy a Switch and…
Following an earlier report, Niantic has confirmed that Pokemon GO is being sold to Monopoly GO creator Scopely. More specifically, the 3.5 billion dollar sale is for Niantic's entire game business, which includes Pokemon GO along with Pikmin Bloom, Monster Hunter Now and others. It was confirmed in a message…
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