A Pokemon character appears in a London street during a game of Pokémon Go shortly after it launched in 2016. Photo: Olivia Harris/Getty Images
The Saudi sovereign wealth fund is acquiring the studio behind Pokémon Go, the mobile game that went viral when it launched in 2016.
State of play: Scopely, which is owned by Saudi Arabia's Public Investment Fund, is buying the gaming business of Niantic for $3.5 billion, Bloomberg reports.
The deal includes the games Pokémon Go, Pikmin Bloom and Monster Hunter Now.
The big picture: "Beyond the runaway success of Pokémon Go, many of Niantic's other games have struggled to gain traction or have shut down entirely," Bloomberg writes.
💭 Nathan's thought bubble: Like many of you, I tried Pokémon Go once when it was all the rage ... and then moved on.
