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Pokémon Go maker to sell games to Saudi-owned company for $3.5bn
- Niantic Labs will sell its video game division to Saudi Arabia-owned Scopely for $3.5bn.
- Niantic will distribute an additional $350m to its equity holders under the deal.
- Niantic will spin off its geospatial artificial intelligence (AI) business into a new firm called Niantic Spatial.
- The move advances Saudi Arabia's ambition to become the 'ultimate global hub' for gaming.
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