‘Pokemon Go' Owner Sells Games to Saudi Group for $3.5 Billion
Saudi sovereign wealth fund-backed Scopely Inc. has agreed to buy Niantic Inc. 's gaming business, including the mobile hit Pokemon Go, for $3.5 billion.
Scopely, which is owned by a unit of the Public Investment Fund of Saudi Arabia, will also acquire Pikmin Bloom and Monster Hunter Now from Niantic, along with the teams working on them, the Saudi company said in a statement on Wednesday, confirming an earlier Bloomberg News report.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
7 hours ago
- Yahoo
Saudi Arabia Fruit & Vegetables Processing Market Report 2025: Competition, Forecast & Opportunities 2020-2030 - Robert Bosch and Bühler Lead with Innovative Solutions
The Saudi Arabia Fruit & Vegetables Processing Market offers growth opportunities driven by increasing demand for convenient, nutritious foods among an urbanizing population. Technological advancements in processing enhance product quality and shelf life, aligning with Vision 2030's focus on sustainability and innovation. Saudi Arabian Fruit & Vegetables Processing Market Dublin, June 09, 2025 (GLOBE NEWSWIRE) -- The "Saudi Arabia Fruit & Vegetables Processing Market by Region, Competition, Forecast & Opportunities, 2020-2030F" has been added to offering. The Saudi Arabia Fruit & Vegetables Processing Market was valued at USD 724.56 Million in 2024 and is projected to reach USD 1.13 Billion by 2030, rising at a CAGR of 7.76% This growth is fueled by increasing demand for convenient and nutritious food products, supported by a growing urban population and rising health awareness. As consumers seek ready-to-eat and minimally processed options, the market benefits from advancements in technologies such as freeze-drying, vacuum sealing, and canning, which enhance product shelf life and nutritional retention. The government's support for domestic agriculture and food processing under Vision 2030, along with enhanced logistics infrastructure, is creating favorable conditions for both local manufacturers and foreign investors. These developments are expanding the product portfolio and improving access to processed fruits and vegetables across the Kingdom. Technological Innovation in Processing Methods The adoption of modern processing technologies is significantly driving the fruit and vegetable processing market in Saudi Arabia. Automation, robotics, and AI are transforming production by improving efficiency, reducing manual labor, and increasing output quality. IoT-enabled systems allow for real-time monitoring and predictive maintenance, reducing downtime and operational costs. Innovations such as cold chain systems help preserve freshness, extending product shelf life and meeting the demand for convenient, high-quality foods. Furthermore, smart packaging solutions that include QR codes and RFID tags offer better traceability and product transparency. These technological developments align with Saudi Arabia's Vision 2030, emphasizing sustainability, innovation, and food security within the processing sector. Supply Chain Disruptions The Saudi fruit and vegetable processing industry faces considerable challenges due to supply chain vulnerabilities. Heavy reliance on imported raw materials makes the sector sensitive to international trade disruptions, pricing instability, and shipping delays. Domestic production is subject to seasonal fluctuations, affecting raw material availability and production continuity. Inadequate cold chain logistics and infrastructure gaps exacerbate spoilage risks and impact product quality. The COVID-19 pandemic further exposed weaknesses in labor availability and transportation systems. Addressing these challenges requires investment in robust logistics networks, improved cold chain systems, and diversification of sourcing to ensure stability and support market growth. Cold Chain Infrastructure Investment Investments in cold chain infrastructure are emerging as a vital trend supporting the growth of Saudi Arabia's fruit and vegetable processing market. With an increasing focus on food security and minimizing post-harvest losses, the Kingdom is developing advanced temperature-controlled storage and transport systems. These facilities help retain freshness, improve shelf life, and reduce waste - key factors in meeting the rising consumer demand for fresh and convenient foods. Strategic enhancements in major logistics hubs like Riyadh and Jeddah have boosted distribution efficiency. Integration of automation and real-time tracking technologies is further streamlining supply chains, lowering operational costs, and enhancing delivery reliability. This trend is expected to continue as the retail sector evolves and consumer preferences shift toward processed yet high-quality food offerings. Key Attributes: Report Attribute Details No. of Pages 82 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $724.56 Million Forecasted Market Value (USD) by 2030 $1130 Million Compound Annual Growth Rate 7.7% Regions Covered Saudi Arabia Report Scope Key Players Profiled Robert Bosch GmbH Buhler AG JBT Marel Corporation KRONEN GmbH Alfa Laval Neologic Engineers Private Limited Kronitek Allround Vegetable Processing B.V. CFT S.p.A. Total Food Machines Limited Saudi Arabia Fruit & Vegetables Processing Market, by Type: Pre-Processing Equipment Washing & Dewatering Peeling/Slicing/Inspection Others Saudi Arabia Fruit & Vegetables Processing Market, by Operation Type: Automatic Semi-Automatic Saudi Arabia Fruit & Vegetables Processing Market, by Product Type: Fresh Fresh-Cut Canned Frozen Others Saudi Arabia Fruit & Vegetables Processing Market, by Region: Eastern Western Northern & Central Southern For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Saudi Arabian Fruit & Vegetables Processing Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Upturn
8 hours ago
- Business Upturn
Al Hilal put this Man United star in their transfer list following Osimhen's rejection
Al Hilal is reportedly searching for a new forward who can help them win more trophies next season. By Ravi Kumar Jha Published on June 9, 2025, 18:53 IST Al Hilal is reportedly searching for a new forward who can help them win more trophies next season. Saudi club tried to sign Victor Osimhen but the player rejected the offer and the deal collapsed. However, as per multiple reports, Al Hilal is trying to sign Manchester United's Jadon Sancho who was on loan at Chelsea last season and doesn't want to play for the Red Devils anymore. It is just the initial interest and nothing has been concrete yet. Saudi Arabian giants Al Hilal are reportedly in the market for a new forward as they look to bolster their attack ahead of the new season. The club, which has enjoyed domestic and continental success in recent years, is aiming to strengthen its squad further to maintain their dominance. Al Hilal recently attempted to lure Nigerian striker Victor Osimhen from Napoli, but the deal collapsed after the player turned down their offer. The setback hasn't deterred the Riyadh-based club, as fresh reports suggest they have now turned their attention to Manchester United winger Jadon Sancho. Sancho, who spent the second half of last season on loan at Chelsea, is believed to be reluctant to return to Old Trafford following his fallout with manager Erik ten Hag. While Al Hilal's interest is still at an early stage, sources close to the situation claim the Saudi side is monitoring the English forward's availability closely. Ravi kumar jha is an undergraduate student in Bachelor of Arts in Multimedia and Mass Communication. A media enthusiast who has a strong hold on communication and he also has a genuine interest in sports. Ravi is currently working as a journalist at
Yahoo
9 hours ago
- Yahoo
BofA Sees Saudis Embarking on Long But Shallow Oil-Price War
(Bloomberg) -- OPEC+'s oil-output hikes are part of a Saudi strategy that will see the kingdom embark on a long but shallow price war designed to recapture market share, Bank of America Corp.'s head of commodities research said. Next Stop: Rancho Cucamonga! Where Public Transit Systems Are Bouncing Back Around the World Trump Said He Fired the National Portrait Gallery Director. She's Still There. US Housing Agency Vulnerable to Fraud After DOGE Cuts, Documents Warn Senator Calls for Closing Troubled ICE Detention Facility in New Mexico The producer group, of which Saudi Arabia is the de-facto leader, announced a third output increase of more than 400,000 barrels a day last month, bigger than previously planned. The additions are reversing years of supply curbs that were aimed at keeping prices higher. 'It's not a price war that is going to be short and steep; rather it's going to be a price war that is long and shallow,' BofA's Francisco Blanch said in a Bloomberg Television interview. That reflects a desire to take market share from US shale, which is in relatively good health but faces higher costs of production, he said. The kingdom is also working to regain market share from fellow OPEC+ members, according to Blanch. 'They've done this price support already by themselves for three-plus years,' which has allowed competitors' output to rise, he said. 'They're done with that.' Blanch noted that the change in strategy is already producing results, with the latest US oil-drilling data from Baker Hughes Co. showing the lowest rig count in about four years. --With assistance from Jonathan Ferro and Lisa Abramowicz. The SEC Pinned Its Hack on a Few Hapless Day Traders. The Full Story Is Far More Troubling Cavs Owner Dan Gilbert Wants to Donate His Billions—and Walk Again America Cast Itself as the World's Moral Leader. Not Anymore Is Elon Musk's Political Capital Spent? What Does Musk-Trump Split Mean for a 'Big, Beautiful Bill'? ©2025 Bloomberg L.P.
