Pokemon Go developer Niantic has been acquired by mobile game developer and publisher Scopely for a whopping $3.5 billion.
It’s been confirmed that all of Niantic’s current dev teams, as well as its full portfolio of games – from Pokemon Go itself to Pikmin Bloom and Monster Hunter Now – will all belong to Scopely.
In a statement, Tim O’Brien, Scopely board member and chief revenue officer, says the company has been “extremely inspired” by Niantic’s efforts over the last decade, namely “delivering innovative experiences that captivate a vast, enduring global audience and get people out in the real world.” He continues: “We look forward to further accelerating the team’s creativity through our partnership.”
Niantic’s CEO and founder John Hanke also seems optimistic, as he states: “I firmly believe this partnership is great for our players and is the best way to ensure that our games have the long-term support and investment needed to be ‘forever games’ that will endure for future generations.”
This story is developing…