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Saudi Investment Fund pays $3.5bn to capture Pokémon Go

Saudi Investment Fund pays $3.5bn to capture Pokémon Go

BBC News12-03-2025
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, Pokémon Go is still amongst the highest-grossing mobile games in the world, with 30 million monthly players.The deal marks the latest step by Saudi Arabia to develop its gaming industry, which it has spent billions of pounds on in recent years.
Niantic's other games, such as Monster Hunter Now and Pikmin Bloom, are also included in the acquisition, along with the people employed to make them.They will become part of Scopely Inc - which itself was bought by PIF subsidiary Savvy Games Group for $4.9bn in 2023.Scopely is one of the biggest names in mobile gaming, with its most successful title, Monopoly Go, being downloaded more than 50 million times and generating more than $3bn in revenue.Pokémon itself is jointly owned by Nintendo, Game Freak and Creatures, which licensed the brand to Niantic so it could develop the game.Ed Wu, who leads the Pokémon Go team at Niantic, said in a blog post he believed the move was "a positive step" for the game's future."Pokémon Go is more than just a game to me, it's my life's work," he said."I won't say that Pokémon Go will remain the same, because it has always been a work in progress. "But how we create and evolve it will remain unchanged, and I hope that we can make the experience even better."
Saudi Arabia is becoming an increasingly powerful player in gaming.Its PIF has stakes in some of the biggest publishers in the industry, such as Nintendo, Electronic Arts and Take-Two Interactive.It has also made waves in the eSports industry, with Saudi Arabia hosting major tournaments including last years eSports World Cup, which had a prize pool of over $60m.Riyadh will also host 2027's planned Olympic eSports Games. Saudi Arabia's PIF has hundreds of billions in assets due to its oil wealth, which it has been investing heavily in sports such as golf, boxing and football, including a purchase of Newcastle United in a £300m deal in 2021.It is controlled by the country's prince Mohammed bin Salman, whose government has been accused of human rights violations.A 2019 UN report stated that "the state of the Kingdom of Saudi Arabia is responsible" for the death of Jamal Khashoggi, a journalist who was critical of the country's government.Saudi Arabia has always denied this.
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Games Inbox: What will be in today's Nintendo Direct?
Games Inbox: What will be in today's Nintendo Direct?

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Games Inbox: What will be in today's Nintendo Direct?

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Nintendo Direct: what time is it
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Scotsman

time5 hours ago

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Nintendo Direct: what time is it

Nintendo has announced a partner showcase - but how can you watch 🎮 Sign up to our Arts and Culture newsletter Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Nintendo is holding its latest showcase today (July 31). It will be highlighting third-party games coming to the Switch and Switch 2. But how can you watch the event? Nintendo will be showing off even more games coming to its Switch consoles this afternoon. The livestream will focus on titles from third-party partners and could include Xbox games. Microsoft has started to port its own titles to PlayStation and its games are also rumoured to be coming to the Nintendo Switch 2. The Direct is due to take place in just a matter of hours. Advertisement Hide Ad Advertisement Hide Ad But what exactly can you expect from the showcase? Here's all you need to know: When is the next Nintendo Direct? Nintendo Switch 2 | Nintendo Following the smaller showcases focused on its major Switch 2 launch titles like Mario Kart World and the recently released Donkey Kong Bananza, fans had wondered when the next Nintendo event would be. It has announced that a Direct partner showcase will take place today (July 31). What time is the Nintendo Direct? Nintendo UK has confirmed that the showcase will start at 2pm British Time and is due to last for around 25 minutes. It will start at 9am ET/ 6am PT for audiences tuning in from America. Advertisement Hide Ad Advertisement Hide Ad What to expect from the Nintendo Direct? The latest event will be a partner showcase, Nintendo has said, featuring games coming to both the original Switch and the newly released Switch 2. So don't get your hopes up for a new Mario game or Animal Crossing. Nintendo UK's announcement on social media said: 'Join us for a #NintendoDirect: Partner Showcase tomorrow, July 31st, at 14:00 (UK time)! Tune in for roughly 25 minutes of information on upcoming #NintendoSwitch2 and #NintendoSwitch games from our publishing partners.' How to watch the Nintendo Direct? The showcase will be live on YouTube and you can find it on Nintendo's official channels. It includes the Nintendo UK account here . It is due to start at 2pm, as previously mentioned, but you can set a reminder by hitting the bell icon on YouTube. You will be sent an alert before the showcase starts, so you don't miss out.

Nintendo Direct announced for Thursday but don't expect Metroid Prime 4
Nintendo Direct announced for Thursday but don't expect Metroid Prime 4

Metro

time15 hours ago

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Nintendo Direct announced for Thursday but don't expect Metroid Prime 4

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