Niantic Reportedly Selling Pokémon Go Division for $3.5 Billion

In a shocking turn of events, reports indicate that Niantic Inc. is preparing to sell its gaming division, including Pokémon Go, to Scopely Inc., a Saudi Arabia-owned company, for a staggering $3.5 billion.

The Rise and Struggles of Pokémon Go

Launched in 2016, Pokémon Go became a global phenomenon, amassing over 500 million downloads and generating billions in revenue. However, in recent years, Niantic has struggled to maintain its dominance, facing:

📉 Declining engagement – A drop in active players post-pandemic.
🔻 Internal layoffs and project cancellations – Signaling financial struggles.
🤝 Failed expansions – Niantic’s Harry Potter AR game and other projects didn’t replicate Pokémon Go’s success.

The potential sale marks a major shift in the mobile gaming industry, with Scopely potentially reshaping the future of Pokémon Go and Niantic’s remaining assets.

(Source: Incomplete, awaiting more details.)