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‘Pokémon Go’ Maker Nears $3.5 Billion Deal to Sell Games Unit (finance.yahoo.com)

submitted 2 days ago by [email protected] to c/[email protected]

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(Bloomberg) -- Niantic Inc., the company behind the 2016 hit Pokémon Go, is in talks to sell its video-game business to Saudi Arabia-owned Scopely Inc., according to several people familiar with the discussions.

Representatives of Niantic and Scopely declined to comment. Scopely is owned by Savvy Games Group, a subsidiary of Saudi Arabia’s Public Investment Fund.

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[–] [email protected] 9 points 2 days ago

I missed "Go" and thought they meant Game Freak and I was quite shocked lol