Pokémon Go Changes Hands: Game Sold to Saudi Fund for $3.5 Billion

The global phenomenon Pokémon Go is now under new management. Niantic, the creator of the augmented reality game that has captivated millions worldwide, announced the sale of its gaming division to Scopely for $3.5 billion. Scopely, in turn, is owned by the Saudi Arabian Public Investment Fund, which has been making significant investments in the gaming industry.

A Game That Revolutionized Mobile Gaming

Launched in 2016, Pokémon Go changed the way people interact with mobile games, drawing crowds to streets, parks, and plazas in search of the franchise’s iconic creatures. Despite being nearly a decade old, the game still boasts over 20 million weekly active players and continues to generate substantial revenue.

What Changes Can Be Expected?

Scopely, known for hits like Monopoly Go, has assured that Niantic’s entire development team will remain, ensuring continuity for Pokémon Go. The acquisition is part of Saudi Arabia’s broader strategy to invest $38 billion in the gaming sector by 2030, aiming to diversify its economy beyond fossil fuels.

Controversy Surrounding the Acquisition

The sale, however, has not been without controversy. Critics argue that Saudi Arabia is using investments in sports and entertainment to improve its international image, particularly regarding human rights issues.

Now, with Pokémon Go under Scopely’s leadership, the gaming community is eager to see what changes may come and how this new management will impact one of the most iconic mobile games in history.