Scopely said it would buy Niantic’s video game business, which includes Pokémon Go, for $3.5 billion. Saudi Arabia’s sovereign wealth fund acquired Scopely in 2023.

Scopely, a mobile game company, will purchase 'Pokémon Go' and other games from developer Niantic in a deal worth $3.5 billion, the companies announced Wednesday.

Niantic Labs said it would sell its video-game division to Saudi Arabia-owned Scopely for $3.5 billion, as the U.S. augmented reality firm shifts focus to geospatial technology after failing to recreate the success of its 2016 smash hit "Pokemon Go.