Niantic Labs said it would sell its video-game division to Saudi Arabia-owned Scopely for $3.5 billion, as the U.S. augmented reality firm shifts focus to geospatial technology after failing to recreate the success of its 2016 smash hit "Pokemon Go.

Mobile gaming giant Scopely on Wednesday said it has agreed to acquire Pokémon Go maker Niantic's gaming division for $3.5 billion.

Niantic games have always been a bridge to connect people and inspire exploration, and I am confident they will continue to do both as part of Scopely,” said Niantic CEO John Hanke. “I firmly believe this partnership is great for our players and is the best way to ensure that our games have the long-term support and investment needed to be ‘forever games’ that will endure for future generations.

Pokemon GO will get another owner, as Niantic announced its popular 2016 game to capture monsters in the real world is being sold to Scopely.

Mobile gaming giant Scopely will acquire the games division of Niantic, the software developer behind “Pokémon Go,” in a deal valued at $3.5 billion.

The rumors were true. Niantic’s games division, which makes the augmented reality megahit Pokémon Go, has been sold to mobile gaming powerhouse Scopely for a whopping $3.5 billion.

Pokemon Go developer Niantic has announced that it's selling its gaming wing to the Saudi-funded mobile company Scopely, best known for Monopoly Go.

Niantic has announced the sale of its gaming business to Saudi-owned mobile gaming specialists Scopely in a deal worth $3.5 billion. This brings Pokémon

Niantic will sell its gaming business to Scopely, including 'Pokemon Go,' 'Pikmin Bloom' in a deal that transforms the mobile gaming landscape.