Niantic’s games division, which makes the augmented reality megahit Pokémon Go, has been sold to mobile gaming powerhouse Scopely for a whopping $3.5 billion. As confirmed by Niantic, Scopely, and the Pokémon Go team,

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.

Niantic Labs said it would sell its video-game division to Saudi Arabia-owned Scopely for $3.5 billion, as the U.S. augmented reality firm shifts focus to geospatial technology after failing to recreate the success of its 2016 smash hit "Pokemon Go.