Niantic, the parent company of the popular Pokémon Go mobile game, has been sold to Scopely for $3.5B, the companies said Tuesday, in a bid to create one of the largest global player communities in the world through the combination of their portfolios.

Niantic will sell its gaming business to Scopely, including 'Pokemon Go,' 'Pikmin Bloom' in a deal that transforms the mobile gaming landscape.

Pokemon GO” maker Niantic reached an agreement to sell its gaming business to Savvy Games Group’s subsidiary, Scopely, for $3.5 billion, handing the company backed by Saudi Arabia’s sovereign wealth fund the hit mobile game along with engagement and live-experience apps.