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Niantic takeover: This is how Pokémon GO remains a global hit!
Scopely acquires Niantic's gaming business, including "Pokémon Go." The deal, worth $3.5 billion, strengthens the player community.
Niantic takeover: This is how Pokémon GO remains a global hit!
Scopely today announced a groundbreaking deal: the acquisition of Niantic's games business, which includes the globally popular game "Pokémon Go". The purchase price is an impressive $3.5 billion. This acquisition not only brings Niantic's renowned development teams under the Scopely umbrella, but also strengthens the company's portfolio with the attractive games "Pikmin Bloom" and "Monster Hunter Now", such as Scopely reported.
“Pokémon Go” remains a global sensation with over 20 million weekly active players spending an average of 40 minutes daily in the virtual world. According to Scopely, the game has consistently enjoyed high user numbers since its launch in the summer of 2016, cementing itself as one of the top 10 mobile games annually. Niantic's games collectively attract about 30 million monthly users and generated more than $1 billion in revenue last year, underscoring the dominance of "Pokémon Go" within Niantic's portfolio Niantic reported.
Developers stay on board
Niantic and Scopely have emphasized that the existing developers behind “Pokémon Go” and its siblings will continue to be part of their usual team. In the future, Niantic will focus on artificial intelligence and its own games “Ingress Prime” and “Peridot”. However, the deal is still subject to regulatory approval and is expected to be completed by the end of the year. Scopely, known for games like “Monopoly Go!” and “MARVEL Strike Force”, intends to further promote the innovative power of Niantic games, which opens up exciting prospects for passionate players on both sides. According to Tim O’Brien, Chief Revenue Officer of Scopely, the cooperation with the Niantic team will take the gaming experience to a new level.
With the acquisition, Niantic will spin off its technology platform into a separate entity called Niantic Spatial Inc. This new company will focus on geospatial AI and continue to operate the no less popular augmented reality games “Ingress Prime” and “Peridot”. After the takeover, it will be exciting to see how the gaming landscape develops as a result of this merger in order to continue to delight the fan base in over 190 countries.