Developer Pokemon Go near Saudi Acquisitions

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Summary

  • Niantic can sell its gaming division, including Pokemon Go, for Scopely for more than $ 3 billion.

  • The growing interest of Saudi Arabia in the gaming industry is seen through investments in Nintendo and others.

  • Niantic's reported Agreement with SCOPELY is part of Saudi efforts to diversify its investment.

Niantic is reportedly trying to sell their video game division known for development Pokemon goFor Scopels, an American entertainment company owned by a Saudi Arab state -controlled subtle games, in a store worth more than $ 3 billion. Saudi Arabia deals with ownership interest Pokemon go It monitors the period of remarkable activities during which the Middle East has increased its share in the main game industry.

Ten years ago, in 2016, Pokemon go He crumbled on the scene and emphatically placed a map of a reality developer, Niantic. Thanks to the massive popularity of the AR game, the American developer also had a chance to give established franchises, including Picmin and Monster HunterAr spin in recent years. However, sanctify the pandemic years, Pokemon goThe annual revenue is permanently decreasing, with 2024 denoting the second worst annual performance of the game on the statist. And now it looks like Niantic can finally look at the possibilities of sales, with scopel, developer purchased by the Savva Games Group in 2023 after success Monopoly Go!shows interest.

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According to Bloomberg, Niantic is in interviews with Scolely to achieve an agreement on the sale of a former game business that includes main titles as Pokemon go and Monster Hunter now. The acquisition agreement, which is said to be worth $ 3.5 billion, can be publicly announced in “coming weeks”. Although the takeover discussion can actively proceed, the report acknowledges that anything could happen and that “there is no certainty” that will take place in something real. If the thrust passes, Pokemon go would become effectively part of Scopely's maternal, subtle gaming group, founded by the Public Investment Fund (PIF), the state authority controlled by the Crown Prince of Saudi Arabia and Prime Minister Mohammed Bin Salman.

Pokemon Go Deal Walmor comes in the middle of the growing interest of Saudi Arabia in the gaming industry

Saudi Arabia has been working on diversification of its investment for some time, playing one of its areas of interest. Since 2023, the state PIF has been the largest external shareholder of the Japanese giant Nintendo and its own shares in Activision, Capcom and other main players of industry. Importantly, the Middle East nation is also set to organize the first ESports Olympic Games in 2025. The latest rumors of the subtle games supported by PIF potentially add one of the most popular mobile games to its portfolio further legitimizes the growing interest of Saudi Arabia in the domain.

As Niantic is in the background, his devs are busy with work on a new Monster Hunter now contents. When building it to release Monster Hunter Wilds 28 February 2025 The AR title recently announced the arrival of a new monster on the day of launching a console game.

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