Pokemon Go Owner Sells Games Unit to Saudi Group for $ 3.5 Billion

Saudi Sovereign Wealth Fund-Backed Scopely Has Agreed to Buy Niatic’s Gaming Business, Including The Mobile Hit Pokemon goFor $ 3.5 billion (roughly Rs. 30465 Crore)

Scopely, which is owned by a unit of the public investment fund of saudi arabia, will also also acquire Pikmin bloom and Monster Hunter Now form NiaticAlong with the teams working on them, the saudi company said in a statement On Wednsday, Confirming an earlier bloomberg news report.

Niatic was spun out of alphabet’s Google In 2015. The niatic games generated more than $ 1 billion (roughly Rs. 8,702 Crore) in Revenue from 30 Million Monthly Active Users Last Year, Scopedly Said.

Savvy Games Group, A Subsidiary of Saudi Arabia’s PIF, Bough Mobile Gamemaker Scopely for $ 4.9 billion two years ago. Savvy was launched with $ 38 billion (roughly Rs.

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