Saudi Arabia’s Public Funding Fund (PIF) is buying Niantic’s gaming division for $3.5 billion by way of its subsidiary Savvy Video games Group. Niantic’s titles embody the hit cell recreation Pokemon Go, Monster Hunter Now and Pikmin Bloom. “Regardless of launching nearly a decade in the past, Pokemon Go remains to be amongst the highest-grossing cell video games on the earth, with 30 million month-to-month gamers,” notes the BBC. From the report: Scopely is among the largest names in cell gaming, with its most profitable title, Monopoly Go, being downloaded greater than 50 million occasions and producing greater than $3 billion in income. Pokemon itself is collectively owned by Nintendo, Recreation Freak and Creatures, which licensed the model to Niantic so it may develop the sport.
Ed Wu, who leads the Pokemon Go workforce at Niantic, stated in a weblog put up he believed the transfer was “a constructive step” for the sport’s future. “Pokemon Go is greater than only a recreation to me, it is my life’s work,” he stated. “I will not say that Pokemon Go will stay the identical, as a result of it has at all times been a piece in progress. However how we create and evolve it’s going to stay unchanged, and I hope that we are able to make the expertise even higher.”
