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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
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
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