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Saudi Arabia acquires part of Niantic's business

PRIVATEMar 16, 2025

Acquiring Company

Saudi Arabia

Description

Saudi Arabia has closed a multi-million-dollar deal to acquire a portion of Niantic’s business, including Pokémon GO, through Scopely, a studio it acquired in 2023. The deal, worth $3.5 billion, is subject to regulatory approval. Niantic will continue to manage the game while retaining the original developers. This move reflects Saudi Arabia's strategy to invest in the video game industry and diversify its economy beyond oil.

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Company Information

Company

Saudi Arabia

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.