According to reports, Pokémon Go developer Niantic is considering selling its video game portfolio to Scopely, a subsidiary of Savvy Games Group. While neither Niantic nor Scopely have publicly confirmed the deal, Bloomberg suggests that the sale could include Niantic’s flagship augmented reality title, Pokémon Go.

If finalized, the deal could be worth up to $3.5 billion and may be officially announced within weeks. This potential acquisition comes after Savvy Games Group, a Saudi Arabian multinational gaming investment company, purchased Scopely for $4.9 billion in July 2023. In January, Scopely appointed Nika Nour as Senior Vice President and Head of International Business Development.

Saudi Arabia has been making significant investments in the gaming and esports industry in recent years, with its Public Investment Fund (PIF) injecting $38 billion into companies such as Electronic Arts, Nintendo, Nexon, and Capcom. Additionally, the country is set to host the first-ever Olympic Esports Games in 2027.

However, these investments have sparked controversy due to Saudi Arabia’s human rights record, particularly regarding gender inequality and the criminalization of homosexuality, which remains punishable by life imprisonment or execution.

Stay tuned to GetYourKey for further updates on this developing story and other major gaming industry news.