Scopely nears $3.5 billion deal for Niantic's gaming division as industry faces challenges

Scopely is close to a $3.5 billion deal to acquire Niantic's gaming division, which includes "Pokémon Go." This move reflects Niantic's shift away from gaming, as it focuses on developing augmented reality technology instead. Despite "Pokémon Go" generating significant revenue in the past, recent reports show a 40% decline in monthly earnings. Niantic has laid off 25% of its workforce and is prioritizing new AR experiences over its gaming projects. The gaming industry continues to face challenges, with job cuts at companies like NetEase and EA. These developments highlight ongoing difficulties, even as mobile gaming sees major acquisitions.