Pokémon Go developer Niantic to sell gaming business to Saudi group

By Jess Weatherbed

Pokémon Go developer Niantic to sell gaming business to Saudi group

"Niantic games have always been a bridge to connect people and inspire exploration, and I am confident they will continue to do both as part of Scopely," said Niantic CEO John Hanke. "I firmly believe this partnership is great for our players and is the best way to ensure that our games have the long-term support and investment needed to be 'forever games' that will endure for future generations."

The acquisition is subject to regulatory approval and other closing conditions. Should the deal go through, it will also bring Niantic's social companion apps for Pokémon Go -- Campfire and Wayfarer -- under Scopely ownership. Scopely says it will gain "Niantic's entire team of exceptional gamemakers and category-leading games." However, the Peridot and Ingress AR gaming titles, the latter of which is also supported by the Wayfarer mapping app, will remain under the ownership and development of Niantic Spatial.

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