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"Pokemon Go" co. raises $200 million

Niantic Inc., the maker of "Pokemon Go," has raised $200 million in a Series B led by Spark Capital, the Wall Street Journal reports.

Why this matters: The round comes ahead of the release of a new game called "Harry Potter: Wizards Unite," the paper said. The CEO said the money will be for "strategic opportunities" and invest more in augmented reality, according to the WSJ.