Niantic, the U.S. company that made Pokémon Go, is allegedly in talks to sell its video game business to a division of Savvy Games Group, which is a branch of Saudi Arabia’s Public Investment Fund (PIF). The planned $3.5 billion deal could be completed in the next few weeks, according to Bloomberg report.

The deal should cover more than just Pokémon Go. It should also cover other mobile games made by Niantic. Bloomberg said that Niantic has had a hard time making another game as popular as Pokémon Go. As a result, several games that were planned to be released in 2022 and 2023 were shelved.

Niantic and Savvy Games Group signed a partner agreement in August 2024 with the goal of growing Niantic’s position in Saudi Arabia, the UAE, and Egypt. After being split off from Alphabet Inc. in 2015, Niantic became its own business.