Maker of Pokémon Go Agrees to Sell Unit to Saudi Fund
Source: New York Times
Niantic, the company behind the runaway hit Pokémon Go, said Wednesday that it has agreed to sell its video game business for $3.5 billion to Scopely, a company owned by the Saudi sovereign wealth fund.Pokémon Go, an augmented reality mobile game, became a cultural sensation when it was released in 2016. Tens of millions of people around the world headed to streets, parks, beaches and even to the middle of the…
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