{"id":258580,"date":"2025-03-13T20:15:05","date_gmt":"2025-03-13T20:15:05","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/03\/13\/pokemon-go-owner-sells-games-unit-to-saudi-group-for-3-5-billion\/"},"modified":"2025-03-13T20:15:05","modified_gmt":"2025-03-13T20:15:05","slug":"pokemon-go-owner-sells-games-unit-to-saudi-group-for-3-5-billion","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/03\/13\/pokemon-go-owner-sells-games-unit-to-saudi-group-for-3-5-billion\/","title":{"rendered":"Pokemon Go Owner Sells Games Unit to Saudi Group for $3.5 Billion"},"content":{"rendered":"<div style=\"text-align:center\"><img decoding=\"async\" src=\"https:\/\/i0.wp.com\/i.gadgets360cdn.com\/large\/pokemon_go_1578648390298.jpg?ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Pokemon Go Owner Sells Games Unit to Saudi Group for .5 Billion\" title=\"Pokemon Go Owner Sells Games Unit to Saudi Group for .5 Billion\" \/><\/div><p> <br \/>\n<\/p>\n<div>\n<p>Saudi sovereign wealth fund-backed Scopely has agreed to buy Niantic&#8217;s gaming business, including the mobile hit\u00a0<em>Pokemon Go<\/em>, for $3.5 billion (roughly Rs.\u00a030465 crore)<\/p>\n<p>Scopely, which is owned by a unit of the Public Investment Fund of Saudi Arabia, will also acquire\u00a0<em>Pikmin Bloom<\/em>\u00a0and\u00a0<em>Monster Hunter Now<\/em>\u00a0from <a class=\"sp_lnk2\" href=\"https:\/\/www.gadgets360.com\/tags\/niantic\">Niantic<\/a>, along with the teams working on them, the Saudi company said in a\u00a0<a href=\"https:\/\/www.scopely.com\/en\/news\/scopely-to-acquire-niantic-games-business-which-includes-pokemon-go-one-of-the-most-successful-mobile-games-of-all-time\" rel=\"noopener noreferrer nofollow\" target=\"_blank\">statement<\/a>\u00a0on Wednesday, confirming an earlier Bloomberg News report.\u00a0<\/p>\n<p>Niantic was spun out of Alphabet&#8217;s <a class=\"sp_lnk2\" href=\"https:\/\/www.gadgets360.com\/tags\/google\">Google<\/a> in 2015. Founder John Hanke worked in satellite mapping before leading Google&#8217;s Geo product division. The Niantic games business generated more than $1 billion (roughly Rs.\u00a08,702 crore) in revenue from 30 million monthly active users last year, Scopely said.<\/p>\n<p>Savvy Games Group, a subsidiary of Saudi Arabia&#8217;s PIF, bought mobile gamemaker Scopely for $4.9 billion two years ago. Savvy was launched with $38 billion (roughly Rs. 3,30,701 crore) of funding to help transform Saudi Arabia into a video-games hub.<\/p>\n<article>\n<p><em>\u00a9\u00a02025\u00a0Bloomberg LP<\/em><\/p>\n<\/article>\n<p><i>(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)<\/i><\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.gadgets360.com\/games\/news\/pokemon-go-owner-niantic-sells-gaming-business-saudi-group-scopely-usd-3-5-billion-7916945#rss-gadgets-news\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi sovereign wealth fund-backed Scopely has agreed to buy Niantic&#8217;s gaming business, including the mobile hit\u00a0Pokemon Go, for $3.5 billion (roughly Rs.\u00a030465 crore) Scopely, which is owned by a unit of the Public Investment Fund of Saudi Arabia, will also acquire\u00a0Pikmin Bloom\u00a0and\u00a0Monster Hunter Now\u00a0from Niantic, along with the teams working on them, the Saudi company [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":258581,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/i.gadgets360cdn.com\/large\/pokemon_go_1578648390298.jpg","fifu_image_alt":"","footnotes":""},"categories":[607],"tags":[1289,3280,3278,659,199337,5900,110155,199506,199505,8576,4872,4493],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/258580"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=258580"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/258580\/revisions"}],"predecessor-version":[{"id":258582,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/258580\/revisions\/258582"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/258581"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=258580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=258580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=258580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}