Niantic Labs has officially confirmed the sale of its game division, marking the end of an era for one of mobile's most iconic development studios.

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

It will keep some of its augmented reality games including Ingress Prime, and Scopely will be an investor in the enterprise, according to Niantic. Scopely games include Monopoly Go, Marvel Strike ...

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.

Saudi sovereign wealth fund-backed Scopely Inc. has agreed to buy Niantic Inc.’s gaming business, including the mobile hit ...

Naturally, news of the deal may raise concerns among players about the future of their favourite games under new ownership.

This business will retain ownership of Niantic’s original AR game Ingress Prime and its virtual pet game Peridot.

Outside of the top three, Niantic’s library gets more varied with some of its own IPs. Ingress Prime is the fourth-biggest active game in the portfolio with $18.5m spent in-game, though it made just ...