NEWSLETTER
Niantic, the company behind the fugitive success Pokémon Go, saying On Wednesday he agreed to sell his video game business for $ 3.5 billion for Scopely, a company owned by the Saudi Fund Sovereign Wealth.
Pokémon GO, a moving augmented reality game, became a cultural sensation when it was launched in 2016. Dozens of millions of people around the world went to streets, parks, beaches and even <a target="_blank" class="css-yywogo" href="https://www.stuff.co.nz/technology/81969085/how-to-capture-that-elusive-pokemon-go-gym-a-kayak” title=”” rel=”noopener noreferrer” target=”_blank”>The ocean medium To capture monsters from the Japanese cartoon franchise.
The agreement is the last acquisition of the Public Investment Fund of Saudi Arabia in a multimillionaire impulse in the video game industry. Pokémon is still based on millions of dollars and has legions of devout fans.
Scopely, based in Culver City, California, and that has games, including the popular Monopoly Go, said Wednesday in a separate statement that will absorb all staff of Niantic game teams. Pokémon Go has more than 20 million active weekly players, Said in a capable way.
Scopely was acquired for $ 4.9 billion In 2023 by the smart games group, which was launched a previous year by the Sovereign Saudi Fund of wealth to lead their impulse to video games, including electronic sports. The Saudi government has said that it will invest $ 38 billion in video games for 2030 through the Public Investment Fund.
The background manages almost one billion dollars In assets, and invests in a wide range of industries, from real estate and artificial intelligence to sports and entertainment, with a mission declared to diversify the economy of Saudi Arabia beyond fossil fuels.
Some critics have described the investments of Saudi Arabia in sports and video games as an attempt to polish the country's reputation, especially in human rights.
(Tagstotranslate) Pokemon Go (video game)
