ByteDance’s gaming unit Moonton said likely to be sold this quarter for over $6 billion
ByteDance is in advanced negotiations with Saudi Arabia’s Savvy Games Group over the potential sale of its gaming subsidiary Moonton Technology, in a deal valued between $6 billion and $7 billion, according to Reuters. Moonton is the developer of the hit mobile title Mobile Legends: Bang Bang. ByteDance acquired the studio in 2021 for an estimated $4 billion as part of its push into global gaming. If completed, the transaction would mark ByteDance’s exit from large-scale in-house mid- and hardcore game development. Sources said both sides are moving quickly and could reach a definitive agreement as early as this quarter, though discussions remain ongoing and terms may still change. [Reuters]
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