Overview

• Niantic has sold its video game division to Scopely for $3.5 billion, marking a major corporate restructuring.
• The company is launching Niantic Spatial Inc., a new venture focused on geospatial AI technology, supported by $250 million in funding.
• Funding for Niantic Spatial Inc. includes $200 million from Niantic and $50 million from Scopely.
• CEO John Hanke announced 68 layoffs scheduled for May 20, 2025, as part of the company's transition to operating more like a startup.
• Scopely, owned by Saudi-backed Savvy Games Group, will allow Niantic's game development teams to continue working independently.