Niantic, the creator of Pokémon Go, is in talks to sell its video game business to Scopely, a mobile gaming company owned by Saudi Arabia’s Public Investment Fund. The deal, …
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EconomyInternationalLatest Updates
Saudi Investment Fund buys $40.6 billion shares of mega American companies
by Umar Sohailby Umar SohailThe PIF, which manages $620 billion in assets, is at the center of Saudi Arabia’s plans to transform the economy by creating new sectors and diversifying revenues away from oil.
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With this deal, Newcastle will join the ranks of Europe’s super-clubs, including Manchester City and Paris Saint-Germain, which have the backing of wealthy and committed owners.