Scopely, a leading mobile games company and a subsidiary of Savvy Games Group, has announced its acquisition of Niantic’s games business. The acquisition deal valued at $3.5 billion. This acquisition includes popular mobile games such as “Pokémon GO,” “Pikmin Bloom,” and “Monster Hunter Now,” as well as community-building apps like “Campfire” and “Wayfarer.” The deal will bring Niantic’s world-class team of game developers to Scopely, further strengthening Scopely’s position in the mobile gaming market.
Pokémon GO will be part of Scopely Portfolio
“Pokémon GO,” a global phenomenon, has consistently ranked among the top 10 mobile games since its launch in 2016, boasting over 100 million unique players last year. The game has generated over $8 billion in lifetime revenue and continues to engage a massive fan community. Combined, Scopely and Niantic’s game portfolios will create a global player community of over half a billion players.
Savvy Games Group’s acquisition of Scopely in 2023 and this recent deal with Niantic are considered two of the largest games transactions by a private company in the last decade. Brian Ward, CEO of Savvy, emphasized that this acquisition demonstrates Savvy’s support for Scopely’s goals and reinforces Scopely’s position as a major player in the gaming industry.
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Tim O’Brien, Chief Revenue Officer and Board Member at Scopely, highlighted the significance of the deal, noting that it ranks alongside Scopely’s own acquisition by Savvy in terms of scale.
Upon completion of the acquisition, Niantic will spin off its technology platform into a new entity, Niantic Spatial Inc., led by CEO John Hanke.
Niantic Spatial will focus on developing geospatial AI and augmented reality software, while continuing to operate the AR games “Ingress Prime” and “Peridot.” The transaction is subject to customary closing conditions and regulatory approvals.
