Niantic, the company behind the runaway hit Pokémon Go, said Wednesday that it has agreed to sell its video game business for $3.5 billion to Scopely, a company owned by the Saudi sovereign wealth fund. Pokémon Go, an augmented reality mobile game, became a cultural sensation when it was released in 2016. Tens of millions…
President Trump, using the power of the presidency to intervene in global sports diplomacy, on Thursday deepened his efforts to broker an elusive agreement involving the PGA Tour and the Saudi-backed LIV Golf league that could ultimately benefit his family’s golf courses. For the second time this month, Mr. Trump hosted key negotiators at the…
The PGA Tour and Saudi Arabia’s sovereign wealth fund are racing to reshape their plans to combine their rival golf circuits, emboldened by President Donald J. Trump’s eagerness to play peacemaker for a fractured sport, according to four people familiar with the matter. Since the start of secret talks in April 2023, PGA Tour executives…
President Trump met this week with the PGA Tour commissioner, the tour said on Thursday, as the Justice Department considers whether to approve a venture between the United States’ premier golf circuit and one backed by Saudi Arabia’s sovereign wealth fund. The meeting at the White House on Tuesday was an unusual foray for an…
While he was campaigning last fall, President Trump bemoaned the lack of a U.S.-backed investment fund and promised to create one. “Other countries have wealth funds,” he said. “We have nothing.” On Monday, he took the first step. He issued an executive order that announced the planning for an investment vehicle or a sovereign wealth…
Saudi Arabia, long on the lookout for a global platform to showcase its sporting ambitions, is nearing the end of its search. The Persian Gulf kingdom is close to acquiring up to a 10 percent stake in DAZN, a sports-only network that has been privately funded by the billionaire businessman Len Blavatnik, according to three…
President-elect Donald J. Trump was at the lectern talking through the approaching inauguration of his second term. But across the ballroom at his Mar-a-Lago resort in Palm Beach, Fla., was a display of the extraordinary way that his family business interests are now fully mixed with his plans for governance of the United States. Mr….