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flag Saudi Arabia's Public Investment Fund buys Pokémon Go maker Niantic Labs for $3.5 billion.

flag Saudi Arabia's Public Investment Fund has acquired Niantic Labs, the company behind Pokémon Go, for $3.5 billion. flag The deal, pending regulatory approval, includes other Niantic games like Monster Hunter Now and Pikmin Bloom. flag Niantic's CEO, John Hanke, sees the partnership with Scopely, owned by the Saudi fund, as beneficial for players and the game's future. flag The acquisition is part of Saudi Arabia's strategy to grow its gaming industry, despite criticisms over its human rights record.

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