Niantic, the corporate behind the favored augmented reality game Pokémon Go, is seeking to sell its game development business, Bloomberg reported, citing anonymous sources.
The corporate is reportedly exploring a take care of mobile game developer Scopely, which is owned by Saudi Arabia-based Savvy Games Group, to sell the unit for about $3.5 million.
Niantic and Scopely didn’t immediately reply to requests for comment.
Niantic has been among the many few firms which were capable of successfully use its augmented reality chops to construct games. Its first title, Ingress, was widely praised for its unique, geography-based tackle territory control, but the corporate truly skyrocketed to fame with Pokémon Go, which took off in 2016 and quickly became a worldwide phenomenon.
Its subsequent titles have been relatively successful, but not at the size Pokémon Go enjoyed. In 2022, the corporate let go of 8% of its staff and shuttered 4 projects, including Harry Potter: Wizards Unite. In 2023, it laid off 230 employees and canceled its NBA and Marvel-related games.
Last 12 months, it updated its Scaniverse app to let users create models of real-world objects and supply the info to developers. In November, the corporate said it wanted to construct a big geospatial model that will use machine learning to “understand a scene and connect it to tens of millions of other scenes globally.”
