Niantic, Pokémon Go Maker, in Talks to Sell to Saudi Arabia's Scopely

Niantic, the creator of the 2016 hit Pokémon Go, is reportedly in talks to sell its video game business to Scopely, a Saudi Arabia-owned company, for approximately $3.5 billion. The deal would include Pokémon Go and other mobile games. While Pokémon Go was a global phenomenon, Niantic struggled to replicate its success, leading to staff cuts and canceled projects. This acquisition is part of Saudi Arabia's Public Investment Fund's broader strategy to diversify its economy by investing in the gaming industry, with Scopely acting as a key player in their mobile gaming ambitions.