Latest news with #ScopelyInc.
Bloomberg
25-03-2025
- Business
- Bloomberg
Behind the $3.5 Billion ‘Pokémon' Deal, a Consolidation Strategy
Scopely Inc.'s $3.5 billion purchase of the hit game Pokémon Go this month is part of larger strategy to build a business through acquisitions as the video-game industry overall struggles. Scopley's goal, according to Co-Chief Executive Officer Javier Ferreira, is to have a portfolio of successful titles that can support each other in an $178 billion industry that was essentially flat last year. While mobile games like Pokémon Go are at the core of Scopely's business, the company is developing or considering acquiring PC and console titles. Ferreira said massively multiplayer online role-playing games are 'interesting,' although he declined to say if the company was making one.
Bloomberg
12-03-2025
- Business
- Bloomberg
‘Pokemon Go' Owner Sells Games to Saudi Group for $3.5 Billion
Saudi sovereign wealth fund-backed Scopely Inc. has agreed to buy Niantic Inc. 's gaming business, including the mobile hit Pokemon Go, for $3.5 billion. Scopely, which is owned by a unit of the Public Investment Fund of Saudi Arabia, will also acquire Pikmin Bloom and Monster Hunter Now from Niantic, along with the teams working on them, the Saudi company said in a statement on Wednesday, confirming an earlier Bloomberg News report.
Bloomberg
19-02-2025
- Business
- Bloomberg
‘Pokémon Go' Maker Nears $3.5 Billion Deal to Sell Games Unit
Niantic Inc., the company behind the 2016 hit Pokémon Go, is in talks to sell its video-game business to Saudi Arabia-controlled Scopely Inc., according to several people familiar with the discussions. A deal could be announced in coming weeks. The price being discussed is about $3.5 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.
