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Pokémon Go is reportedly for sale and the price tag is huge

February 19, 2025
in Featured News
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In 2016, Pokémon Go was the most important online game on the planet, breaking software program obtain data and sending native information into hysterics. 9 years and lots of much less widespread video games later, developer Niantic Inc. is making ready to promote its video games division to Saudia Arabia-owned Scopely Inc., based on a report by Bloomberg. How a lot does one of the widespread video video games in historical past price? The report claims the worth tag for the division is an eye-watering $3.5 billion. Niantic has been contacted for remark.Pokemon Go’s sale can be the most recent twist within the story of one in every of gaming’s very unlikely CEOs.In 2001, John Hanke co-founded a mapping expertise firm known as Keyhole that will later be acquired by Google and be foundational within the growth of Google Earth and Google Maps. In 2010, Hanke, using rarified success, selected to guide a group inside Google that will envision the way forward for augmented actuality gaming.The group launched Ingress, the primary main world augmented actuality sport, in 2013 and inside two years had amassed seven million gamers. However Ingress can be remembered much less as a sport than a proof of idea. In 2015, Hanke spun out the Google group into an unbiased firm known as Niantic. A 12 months later the studio launched Pokémon Go in collaboration with (and important funding from) Google, Nintendo, and The Pokemon Firm.By the top of 2016, Pokémon Go had been downloaded by greater than 500 million gamers.Within the years following Pokémon Go’s success, Hanke spoke at quite a few conferences in regards to the larger potential for augmented actuality to attach the actual world with the bogus one. He imagined methods augmented actuality may place gamers into shared digital worlds whereas they occupied a bodily one, all with the help of Niantic’s instruments.In 2020, Covid-19 hit, and hundreds of thousands of gamers sheltered in place. Because the pandemic turned an endemic, Niantic started to cancel titles. In 2023, the corporate laid off 230 staff, roughly 25% of its workforce. Hanke emphasised, alongside the deep cuts, the corporate’s have to concentrate on Pokémon Go and he acknowledged that the AR market was “creating extra slowly than anticipated.”Now, it seems Hanke and what group members stay at Niantic may return to what impressed them lengthy earlier than video video games: mapping. The information collected by all of the Niantic apps has been used to create giant geospatial fashions in an effort to attain spatial intelligence. Final November, Niantic’s Eric Brachmann and Victor Adrian Prisacariu printed an replace on the undertaking: “At Niantic, we’re pioneering the idea of a Giant Geospatial Mannequin that may use large-scale machine studying to grasp a scene and join it to hundreds of thousands of different scenes globally.”As a result of it’s 2025 and the reply is at all times AI.



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