Niantic, the company that developed the wildly popular augmented reality (AR) game Pokémon Go, is reportedly considering selling its video games — and according to a source speaking to Bloomberg, the deal could be worth just $3.

In a breaking set of developments, Niantic seems close to selling off its entire game division, including Pokémon Go, to a Saudi Arabia-controlled buyer for $3.

Niantic, the company behind the popular augmented reality game Pokémon Go, is looking to sell its game development business, Bloomberg reported.

Niantic is looking to sell its entire game catalog for $3.5 billion, potentially signaling a new direction. The company's strategic focus on AR gaming has not been successful, with user interest primarily in the Pokémon brand.

According to Bloomberg, reporting on talks between Niantic (which may be more into AI and robotics than mobile games to make use of that scanning data you provided) and Scopely Inc. If you’re not familiar with Scopely Inc.

According to Bloomberg, a deal could materialize in the next few weeks but nothing is locked in for certain yet. A potential sale would come after Niantic and Savvy, Scopely’s parent company owned by Saudi Arabia’s sovereign wealth fund, inked a deal last summer to expand Pokémon Go ’s reach in the region through local investments.

Niantic Inc., the company behind the 2016 hit Pokémon Go, is in talks to sell its video-game business to Saudi Arabia-controlled Scopely Inc., according to several people familiar with the discussions.

According to several people "familiar with the discussions," Niantic is in talks with Saudi Arabia-owned Scopely Inc. to acquire its video game division for $3.5 billion. While no