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Reuters

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Entertainment

'Pokemon Go' maker Niantic to sell game division to Saudi-owned Scopely for $3.5 billion

Reuters
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Niantic Labs to sell its video-game division to Saudi Arabia -owned Scopely for $3.5 billion .

U.S. augmented reality firm shifts focus to geospatial technology after failing to recreate success of its hit " Pokemon Go " Saudi Arabia's sovereign wealth fund, via Savvy Games , bought Scopely.