Niatic, the company behind the runway hits Pokémon Go, Said On Wednesday that Saudi sovereign wealth fund -owned company, Skopli, has agreed to sell its video game business in $ 3.5 billion.
Pokémon Go, a enhanced reality mobile game, became a cultural sensation when it was released in 2016. Millions of people around the world went to roads, parks, beaches and even roads Ocean Japanese cartoon franchise to catch demons.
The deal is the latest acquisition by Saudi Arabia’s Public Investment Fund in a multivion-dollar push in the video game industry. Pokémon still rakes in millions of dollars and is a legend of dedicated fans.
Scopely, which is located in Culver City, California and who owns the popular monopoly GO, said in a separate statement on Wednesday that it would absorb all employees of Niantic’s gaming teams. Pokémon Go has more than 20 million active weekly players, Scopaly said,
Skoply was Acquired for $ 4.9 billion In 2023 by the lover sports group, which was Launched a year ago To lead your push in video games including e-sport by Saudi sovereign wealth funds. The Saudi government has said that it will invest $ 38 billion in video games by 2030 through the Public Investment Fund.
Fund manages About a trillion dollar In property, and in a wide range of industries, from real estate and artificial intelligence to sports and entertainment, with a declared mission to diversify Saudi Arabia’s economy beyond fossil fuels.
Some critics have described Saudi Arabia’s investment in sports and video games as an attempt to brighten the country’s reputation, especially on human rights.
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