Niantic Sells Games Business to Scopely for $3.5 Billion

Niantic, the creator of Pokémon Go, is selling its games business to the Saudi-owned mobile developer Scopely for $3.5 billion. In addition, Niantic shareholders will receive $350 million in cash from Niantic’s balance sheet as part of the deal.

As part of the transaction, Niantic is spinning out a new company, Niantic Spatial, that will concentrate on artificial intelligence-powered mapping

Source: https://www.theinformation.com/briefings/niantic-sells-games-business-scopely-3-5-billion

Shop with us!