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Saudi Investment Fund Pays $3.5 Billion To Capture Pokemon Go
Saudi Arabia's Public Investment Fund (PIF) is acquiring Nianticâ(TM)s gaming division for $3.5 billion through its subsidiary Savvy Games Group. Niantic's titles include the hit mobile game Pokemon Go, Monster Hunter Now and Pikmin Bloom. "Despite launching almost a decade ago, Pokemon Go is s...
"Despite launching almost a decade ago, Pokemon Go is still amongst the highest-grossing mobile games in the world, with 30 million monthly players," notes the BBC. From the report: Scopely is one of the biggest names in mobile gaming, with its most successful title, Monopoly Go, being downloaded more than 50 million times and generating more than $3 billion in revenue. Ed Wu, who leads the Pokemon Go team at Niantic, said in a blog post he believed the move was "a positive step" for the game's future.
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