The Nintendo share ($NTDOY (-0.54%)) has recently experienced an upswing, which could be linked to possible sales plans by Niantic, the developer of "Pokémon Go". According to Bloomberg, a deal worth 3.5 billion dollars is being negotiated, with Scopely, backed by a Saudi Arabian sovereign wealth fund, acting as a prospective buyer.
"Pokémon Go" was a real hit in 2016, but has not been able to achieve the same success with new games in recent years. Nevertheless, Niantic's loyal fan base remains an important source of income.
What do you think about the possible sale? Would this affect the future of Niantic and Nintendo? And what could it mean for the share price? 💭📈
Nintendo shares last closed at JPY 11,760.00, up 2.71%. An exciting topic for all those interested in finance!