Saudi Investment Fund pays $3.5bn to capture Pokémon Go

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The story "Saudi Investment Fund pays $3.5bn to capture Pokémon Go" was covered 13 hours ago by BBC Business, a news publisher based in United Kingdom.

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Saudi Investment Fund pays $3.5bn to capture Pokémon Go - BBC Business

Quick Summary:

It is amongst the highest-grossing mobile games in the world, with 30 million monthly players.

The game involves players walking around in the real world to hunt the collectable creatures, which appear on their phone screens using augmented reality.

Pokémon itself is jointly owned by Nintendo, Game Freak and Creatures, which licensed the brand to Niantic so it could develop the game.