This shift positions Niantic at the forefront of geospatial AI, moving beyond gaming into sectors that integrate digital intelligence with the physical world.

Pokemon GO” maker Niantic reached an agreement to sell its gaming business to Savvy Games Group’s subsidiary, Scopely, for $3.5 billion, handing the company backed by Saudi Arabia’s sovereign wealth fund the hit mobile game along with engagement and live-experience apps.

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.

Scopely is now the owner of hit mobile gaming titles such as Pokémon Go, after Niantic shifts focus to its geospatial business.

Pokemon GO will get another owner, as Niantic announced its popular 2016 game to capture monsters in the real world is being sold to Scopely.

Niantic Labs has announced that it’s selling its video game division to Saudi Arabia-owned mobile developer Scopely for $3.5 billion after struggling to replicate the success of Pokémon Go across its other AR games. The newly inked agreement includes Niantic’s Pokémon Go, Monster Hunter Now, and Pikmin Bloom mobile gaming titles.

Niantic Labs has officially confirmed the sale of its game division, marking the end of an era for one of mobile's most iconic development studios.

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.

Saudi sovereign wealth fund-backed Scopely Inc. has agreed to buy Niantic Inc.’s gaming business, including the mobile hit Pokémon Go, for $3.5 billion.