In a significant move within the gaming industry, 80% of Niantic, the parent company of Pokemon Go, has been sold to Saudi Arabia. This transaction marks a major shift in ownership for one of the world’s leading augmented reality game developers. The sale reflects a growing trend of international investment in the gaming sector. With this change, stakeholders are keenly observing how it might influence future game development and player experiences. The statistics highlight the scale of the deal and underscore the potential impact on the global gaming landscape.
Des Barry
@A_Great_Human
·
Mar 6 Big piece that may have been missed by many on the TKO announcement is this nugget from Mark Shapiro from the earnings call last week; “earn in equity over time… specifically over a 5 year period.” It’s fully Saudi owned…. for now.
@morningkombat
@BCampbell
@lthomasnews
Scatters
@TWScatterbug
·
1h Just a heads up for my fellow Pokemon Go players, especially those on my friend’s list: With PoGo being sold to a Saudi-Arabian company and its government, I won’t be playing this game anymore. It’s a shame after almost 9 years, but human rights come first. It was a good one.
IGN
@IGN
·
5h Niantic Inc. has confirmed the sale of Pokémon Go, Pikmin Bloom, Monster Hunter Now, and their development teams to the Saudi-owned maker of Monopoly Go! for $3.5 billion. https://bit.ly/3Fn9faZ
TripleJump Gaming
@TeamTripleJump
·
4h Pokemon Go is now under ownership of the government of Saudi Arabia.Scopely, a mobile game developer which is owned by the Saudi Royal investment fund, announced it had purchased the game and Niantic Labs for $3.5 billion.(Source: Niantic)
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