Scopely, a leading mobile games company, has recently announced its acquisition of Niantic’s gaming business. This deal is set to bring together two of the biggest names in the gaming industry and is expected to have a major impact on the mobile gaming market.
Niantic, the creators of popular games such as Pokemon Go and Harry Potter: Wizards Unite, has been acquired by Scopely for an undisclosed amount. However, according to sources, the deal is estimated to be worth over $1 billion (roughly Rs. 8,702 crore). This is a significant milestone for both companies and is a testament to their success in the highly competitive gaming industry.
Scopely, known for its hit games like Star Trek Fleet Command and The Walking Dead: Road to Survival, has been steadily expanding its portfolio and this acquisition is a strategic move to further strengthen its position in the market. With Niantic’s impressive track record and loyal fan base, this deal is expected to bring in a new wave of growth and success for Scopely.
According to Scopely, Niantic’s gaming business generated over $1 billion in revenue last year, with a staggering 30 million monthly active users. This is a remarkable achievement and showcases the immense potential of Niantic’s games. With this acquisition, Scopely will now have access to Niantic’s popular titles and will be able to leverage their expertise in creating immersive and engaging gaming experiences.
In a statement, Tim O’Brien, Chief Revenue Officer at Scopely, said, “We are thrilled to welcome Niantic’s talented team and their incredible portfolio of games to the Scopely family. This acquisition is a testament to our commitment to delivering the best gaming experiences to our players and we are excited to work together to bring even more innovative and entertaining games to the market.”
This sentiment was echoed by John Hanke, CEO of Niantic, who said, “We are excited to join forces with Scopely and continue our mission of creating fun and engaging games for players all over the world. With Scopely’s resources and expertise, we are confident that we can take our games to new heights and reach even more players.”
The acquisition of Niantic’s gaming business is a win-win situation for both companies. Scopely will now have a diverse portfolio of games, catering to a wider audience, while Niantic will have the support and resources of a larger company to further enhance their games and expand their reach.
This deal also has a positive impact on the gaming industry as a whole. It showcases the potential for growth and success in the mobile gaming market and encourages other companies to invest in this rapidly growing industry.
In conclusion, the acquisition of Niantic’s gaming business by Scopely is a major milestone for both companies and the gaming industry as a whole. With their combined expertise and resources, we can expect to see even more innovative and entertaining games in the future. This is an exciting time for mobile gaming and we can’t wait to see what this partnership will bring.
