Niantic, the company behind the popular augmented reality game Pokémon Go, is looking to sell its game development business, Bloomberg reported.

Pokémon Go developer Niantic is reportedly considering selling its video game portfolio to Savvy Games Group subsidiary, Scopely. Whilst the deal has yet to be confirmed and neither Niantic nor Scopely have talked publicly about the deals, Bloomberg claims the sale may include Niantic's tentpole augmented reality game, Pokémon Go.

NIANTIC, the company behind the 2016 hit Pokemon Go, is in talks to sell its video game business to Saudi Arabia-controlled Scopely, according to several sources familiar with the discussions. Read more at The Business Times.

Niantic, the company behind the 2016 hit Pokémon Go, is in talks to sell its video game business to Scopely, which is owned by Savvy Games Group, a subsidiary of Saudi Arabia’s Public Investment Fund.

Niantic, the company that developed the wildly popular augmented reality (AR) game Pokémon Go, is reportedly considering selling its video games — and according to a source speaking to Bloomberg, the deal could be worth just $3.

Niantic is looking to sell its entire game catalog for $3.5 billion, potentially signaling a new direction. The company's strategic focus on AR gaming has not been successful, with user interest primarily in the Pokémon brand.

According to Bloomberg, reporting on talks between Niantic (which may be more into AI and robotics than mobile games to make use of that scanning data you provided) and Scopely Inc. If you’re not familiar with Scopely Inc.

According to several people "familiar with the discussions," Niantic is in talks with Saudi Arabia-owned Scopely Inc. to acquire its video game division for $3.5 billion. While no