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

It's official — Niantic, the developer of Pokémon GO, Pikmin Bloom, and Monster Hunter Now, has sold its gaming division for a staggering $3.5 billion to Scopely, "a world leader in mobile games".

Niantic Labs has inked a deal to sell its games division for $3.5 billion to a Saudi-based company called Scopely. The sale includes Pokémon Go, Monster Hunter Now and Pikmin Bloom.