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Pokémon Go developer Niantic may sell its games division for a mere $3.5 billion
The developer of Pokémon Go, Niantic, might sell its games division for the low price of $3.5 billion.
Many people still play Pokémon Go, but the game no longer enjoys the same popularity it had during its launch and the peak of the COVID-19 pandemic. Pokémon Go was also a breakthrough success Niantic was unable to replicate, despite its follow-ups being essentially reskins of the same AR experience. Savvy Games Group is part of Saudi Arabia’s government-linked Public Investment Fund, which has stakes in EA, Activision, Nintendo and more.
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