While details on the deal remain rather scarce at this point, according to the report, Niantic is trying to raise money for an IPO in 2019, while Samsung is more than happy to throw some money at the developer for some quality exclusive content.
Ingress, but really hit it big with Pokemon Go in 2016. However, this new deal with Samsung will reportedly initially revolve around a Harry Potter game, which is likely going to be a huge departure from the developer's previous AR titles. It's currently unclear whether this will be a reworked version of Niantic's upcoming Harry Potter: Wizards Unite, or if it's going to be something entirely different, but the report claims that it's likely going to be a Galaxy Note exclusive title that will make heavy use of Samsung's S-Pen.Niantic made a name for itself with the AR location-based game
"After a lot of haggling, and pushing, Niantic refused to make the features without a large investment from Samsung, and the number they arrived at was $40m", the inside source told The Inquirer. The partnership could officially be announced before the end of this year and we may see the result of it as early as February 2019, on the Samsung Galaxy S10.