Saudi Investment Fund Pays $3.5 Billion To Capture Pokemon Go (bbc.com)
(Wednesday March 12, 2025 @11:30PM (BeauHD)
from the oil-reserves-used-super-effective! dept.)
- Reference: 0176698497
- News link: https://games.slashdot.org/story/25/03/13/000254/saudi-investment-fund-pays-35-billion-to-capture-pokemon-go
- Source link: https://www.bbc.com/news/articles/cz61yxv6evjo
Saudi Arabia's Public Investment Fund (PIF) is [1]acquiring Nianticâ(TM)s gaming division for $3.5 billion through its subsidiary Savvy Games Group. Niantic's titles include the hit mobile game Pokemon Go, Monster Hunter Now and Pikmin Bloom. "Despite launching almost a decade ago, Pokemon Go is still amongst the highest-grossing mobile games in the world, with 30 million monthly players," notes the BBC. From the report:
> Scopely is one of the biggest names in mobile gaming, with its most successful title, Monopoly Go, being downloaded more than 50 million times and generating more than $3 billion in revenue. Pokemon itself is jointly owned by Nintendo, Game Freak and Creatures, which licensed the brand to Niantic so it could develop the game.
>
> Ed Wu, who leads the Pokemon Go team at Niantic, said in a blog post he believed the move was "a positive step" for the game's future. "Pokemon Go is more than just a game to me, it's my life's work," he said. "I won't say that Pokemon Go will remain the same, because it has always been a work in progress. But how we create and evolve it will remain unchanged, and I hope that we can make the experience even better."
[1] https://www.bbc.com/news/articles/cz61yxv6evjo
> Scopely is one of the biggest names in mobile gaming, with its most successful title, Monopoly Go, being downloaded more than 50 million times and generating more than $3 billion in revenue. Pokemon itself is jointly owned by Nintendo, Game Freak and Creatures, which licensed the brand to Niantic so it could develop the game.
>
> Ed Wu, who leads the Pokemon Go team at Niantic, said in a blog post he believed the move was "a positive step" for the game's future. "Pokemon Go is more than just a game to me, it's my life's work," he said. "I won't say that Pokemon Go will remain the same, because it has always been a work in progress. But how we create and evolve it will remain unchanged, and I hope that we can make the experience even better."
[1] https://www.bbc.com/news/articles/cz61yxv6evjo
It was fun while it lasted (Score:2)
by viperidaenz ( 2515578 )
Just deleted the app.
Diversify (Score:2)
by ArchieBunker ( 132337 )
They know that oil money won't last forever.
Re: (Score:2)
There's a rare Pokemon inside the Kaaba.