Niantic's Pokémon Go Acquisition: Saudi Group Makes Waves with $3.5 Billion Deal

In a significant development within the mobile gaming industry, Niantic Inc., the creator of the immensely popular augmented reality game Pokémon Go, has announced its decision to sell the company to a consortium led by a prominent Saudi investment group for an eye-catching $3.5 billion. This move has sent ripples through the tech world, reflecting ongoing trends of consolidation in the gaming sector as well as increasing investments from the Gulf region.

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