Published on: 2025-06-19 16:14:19
Saudi Investment Fund pays $3.5bn to capture Pokémon Go 3 hours ago Share Save Tom Gerken Technology reporter Share Save Getty Images Saudi Arabia's Public Investment Fund (PIF) will pay $3.5bn (£2.7bn) to buy the gaming division of developer Niantic, whose titles include the hit mobile game Pokémon Go. The game involves players walking around in the real world to hunt the collectable creatures, which appear on their phone screens using augmented reality. Despite launching almost a decade ago
Keywords: game games niantic pokémon saudi
Find related items on AmazonPublished on: 2025-06-20 06:09:05
Niantic Labs just announced that it has found a buyer for its game division after putting out feelers back in February . The Saudi Arabia-owned company Scopely has agreed to purchase the division for $3.5 billion. Scopely was founded in Los Angeles but was purchased using money from Saudi Arabia's sovereign wealth fund, otherwise called the Saudi Public Investment Fund (PIF). The agreement includes most of Niantic’s portfolio of AR games, including Pokémon Go, Monster Hunter Now and Pikmin Bloo
Keywords: company games niantic saudi scopely
Find related items on AmazonPublished on: 2025-06-24 17:14:31
The Saudi crown family's megalomaniac dreams of building a gigantic city of the future in the middle of the desert are getting a brutal reality check. Saudi Arabia's plans for Neom, a futuristic fever dream which includes a massive all-inclusive resort on the coast, a second ski resort in the mountains, and an up to 106 miles-long pair of 1,600-foot skyscrapers called The Line, is running into major financial problems. As the Wall Street Journal reports, capital expenditure estimates to build
Keywords: miles neom officials resort saudi
Find related items on AmazonPublished on: 2025-06-25 21:34:22
In Brief A new WSJ report suggests that Saudi Arabia’s now eight-year-old Neom project — a futuristic, carbon-neutral, 105-mile-long linear city envisioned by Crown Prince Mohammed bin Salman — has become a financial sinkhole. Plagued by delays and cost overruns, the country, which has already shelled out $50 billion, could reportedly face another 55 years of construction, with an astonishing projected cost of $8.8 trillion, according to an internal audit presented to Neom’s board last summer.
Keywords: arabia cost mckinsey project saudi
Find related items on AmazonPublished on: 2025-07-03 10:50:15
The volte face has been astonishing. Until 2017, or thereabouts, the Kingdom of Saudi Arabia was seen as the hallmark of Islamic puritanism, where compulsorily veiled women were forbidden to travel without their male guardian’s permission, shops closed during prayer time, and the ‘religious police’ brandished canes to marshal the faithful into mosques. Pre-Islamic history was the ‘time of ignorance’ (‘jahiliyya’) and tourism, when allowed, was restricted to small groups of well-paid foreign busi
Keywords: arabia kingdom madain saleh saudi
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