Pokémon Go maker Niantic sells its game division to Saudi-owned Scopely
Niantic Labs just announced that it has found a buyer for its game division after putting out feelers back in February. The Saudi Arabia-owned company Scopely has agreed to purchase the division for $3.5 billion. Scopely was founded in Los Angeles but was purchased using money from Saudi Arabia's sovereign wealth fund, otherwise called the Saudi Public Investment Fund (PIF).<br /> The agreement includes most of Niantic’s portfolio of AR games, including Pokémon Go, Monster Hunter Now and Pikmin Bloom, among several others. It also includes the company’s social companion apps for Pokémon Go, Campfire and Wayfarer. The deal is still subject to regulatory approval and other closing conditions.<br /> Scopely says it will receive “Niantic’s entire team of exceptional [...]
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