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Pokémon Go maker Niantic sells its game division to Saudi-owned Scopely
Niantic Labs has inked a deal to sell its games division for $3.5 billion to a Saudi-based company called Scopely. The sale includes Pokémon Go, Monster Hunter Now and Pikmin Bloom.
Scopely says it will receive “Niantic’s entire team of exceptional gamemakers and category-leading games.” There are a couple of titles, however, missing from this purchase. Pokémon Go engaged more than 500 million players in its first year, but the game’s staying power has waned in recent times. It not only owns Scopely and its parent company Savvy Games Group, but has financial stakes in organizations like Nintendo, EA and Activision Blizzard.
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