ByteDance Sells Moonton for over $6 Billion to Saudi Arabia’s Public Investment Fund · TechNode

ByteDance sells Moonton for over $6 billion to Saudi Arabia’s Public Investment Fund · TechNode

ByteDance announced that it has reached a final agreement with Savvy Games Group, a subsidiary of Saudi Arabia’s Public Investment Fund (PIF), to sell its gaming unit Moonton for more than $6 billion. Upon completion of the transaction, Moonton will become a wholly owned subsidiary of Savvy. Moonton is the developer and publisher of the popular MOBA mobile game Mobile Legends: Bang Bang in Southeast Asia. It was acquired by ByteDance in 2021. Th…

Tech Brief (March 23): ByteDance Sells Game Studio to Saudi Wealth Fund

Tech Brief (March 23): ByteDance Sells Game Studio to Saudi Wealth Fund - Tencent merges AI Lab into Hunyuan team, XPeng posts first-ever quarterly profit

Savvy Games acquires Mobile Legends developer Moonton for $6 billion

Savvy Games has acquired Mobile Legends developer Moonton from TikTok owner ByteDance for $6 billion.

Saudi Arabia’s gaming company to acquire ‘Mobile Legends: Bang Bang’ creator MoonTon from ByteDance

Saudi Arabia’s Savvy Games Group is set to acquire game developer MoonTon from the Chinese company ByteDance. ByteDance is the parent company of the popular mobile app TikTok, while its… The post Saudi Arabia’s gaming company to acquire ‘Mobile Legends: Bang Bang’ creator MoonTon from ByteDance appeared first on .

Savvy Games aquires Moonton from Bytedance for USD 6+ billion

After 3 years of rumors, Bytedance officially sells Moonton to a Saudi-based company, Savvy Games.Moonton x Savvy GamesNew owner for the MLBB franchiseChina-based ByteDance has finalized an agreement to divest Shanghai Moonton Technology, the developer behind the popular mobile title Mobile Legends: Bang Bang, to a gaming firm based in Riyadh and backed by Saudi Arabia’s Public Investment Fund, according to a joint statement from the companies o…

Savvy to buy ByteDance studio Moonton for US$6 billion

Saudi Arabia is working to become a global destination for gamers