The Pokémon Go game was a global phenomenon. But the company had trouble duplicating its runaway success and cut staff and cancelled some titles in development in 2022 and 2023. Its Harry Potter: Wizards Unite game shut down in 2022.
Niantic, the company behind the 2016 hit Pokémon Go, is in talks to sell its video game business to Saudi Arabia-controlled Scopely, according to several people familiar with the discussions.
A deal could be announced in coming weeks. The price being discussed is about US$3.5 billion ($4.7 billion), according to one of the people. Any agreement would involve the Pokémon title as well as other mobile games, according to the people, who asked not to be identified because the discussions are private. There’s no assurance an agreement will be reached.
