Tag Archives: gaming industry

Scopely Inc., a gaming company backed by Saudi Arabia’s sovereign wealth fund, has acquired the gaming business of Niantic Inc. for $3.5 billion. The deal includes Niantic’s flagship mobile game, Pokémon Go, along with Pikmin Bloom and Monster Hunter, as well as companion apps and services like Campfire and Wayfarer.

The gaming industry in India has witnessed a remarkable surge in popularity, especially among millennials, who are actively engaged in gaming at various levels, both locally and globally. Recognizing this burgeoning trend, Nikhil Kamath, the co-founder of Zerodha, has publicly championed gaming as a legitimate and serious career choice, highlighting the industry's significant impact and potential for growth.