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).
The agreement includes most of Niantic’s portfolio of AR games, including Pokémon Go, Monster
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