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Scopely, backed by Saudi Arabia’s Public Investment Fund, has acquired Niantic Labs' video game division for $3.5 billion, including the teams behind popular titles like Pokémon GO. This move supports the Kingdom's goal to boost its gaming sector's contribution to GDP to $13 billion by 2030. Niantic will also establish a new firm, Niantic Spatial, focusing on geospatial AI, funded with $250 million.
Scopely, backed by Saudi Arabia’s Public Investment Fund, has acquired Niantic Labs' video game division for $3.5 billion, including the teams behind popular titles like Pokémon GO. This move supports the Kingdom's goal to boost its gaming sector's contribution to GDP to $13 billion by 2030. Niantic will also establish a new firm, Niantic Spatial, focusing on geospatial AI, funded with $250 million.
Wall Street's initial enthusiasm for Donald Trump's presidency is now tempered by the complexities of his potential second term. Experts warn that his administration may introduce contradictory policies and unintended consequences, influenced by his choice of advisors. The implications for interest rates and Corporate America remain uncertain.
Tim O'Brien
People
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Scopely acquires Niantic Labs video game division for 3.5 billion dollars
11:23 13.03.2025
Scopely acquires Niantic Labs video game division for 3.5 billion dollars
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