In a groundbreaking deal that has sent shockwaves through the gaming world, it’s now official: Pokémon GO, the massively popular mobile game, has been sold to the Saudi Arabian government.
Looks like Pokémon Go might be catching a new owner soon. Niantic, the studio behind the wildly successful mobile game, is reportedly in talks to sell its gaming division to Scopely Inc., a company owned by Saudi Arabia's Savvy Games Group. And the rumored price tag? A whopping $3.5 billion. If this deal goes through, it would mark another major step in Saudi Arabia's growing influence in the gaming world. Savvy Games Group, backed by the Saudi Public Investment Fund, has been aggressively expanding its portfolio.