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Saudi Arabia's Public Investment Fund buys Pokémon Go maker Niantic Labs for $3.5 billion.
Saudi Arabia's Public Investment Fund has acquired Niantic Labs, the company behind Pokémon Go, for $3.5 billion.
The deal, pending regulatory approval, includes other Niantic games like Monster Hunter Now and Pikmin Bloom.
Niantic's CEO, John Hanke, sees the partnership with Scopely, owned by the Saudi fund, as beneficial for players and the game's future.
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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El Fondo de Inversión Pública de Arabia Saudita compra el fabricante de Pokémon Go, Niantic Labs, por 3.500 millones de dólares.