Saudi Public Investment Fund Acquires Niantic’s Gaming Business for $3.5 Billion

Skadden, Arps, Slate, Meagher & Flom and Fenwick & West are playing advisory roles in the acquisition of Niantic’s games business by a division of Saudi Arabia’s Public Investment Fund (PIF) for a staggering $3.5 billion. This transaction includes popular gaming titles such as Pokémon Go, Pikmin Bloom, and Monster Hunter Now. The Saudi PIF, an influential global investor, places the value of the gaming industry at $200 billion, surpassing that of both the global film and music sectors. For further details, please refer to the full article here.