Saudi Arabia’s Scopely Acquires Pokémon Go for $3.5 Billion
Saudi Arabia’s Savvy Games backed Scopely has acquired the maker of Pokémon Go, Niantic Labs for $3.5 billion to boost its gaming portfolio.
March 17, 2025
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Saudi Arabia’s Savvy Games backed Scopely has acquired the maker of Pokémon Go, Niantic Labs for $3.5 billion to boost its gaming portfolio.
Saudia Arabia’s Savvy Games Group, which is fully owned by the Public Investment Fund, plans to invest more in mobile gaming after the success of Monopoly Go, which grossed $2 billion in revenue.
Saudi Arabia is investing $8 billion in the gaming industry to diversify its economy and to make the kingdom an international hub for gaming. The investment is part of a larger $38 billion allocated for the gaming sector under its Savvy Games Group which aims to create 40,000 jobs and has already invested in Nintendo and Activation Blizzard.
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