Sources: ByteDance is in talks to sell game studio Moonton, which it acquired for ~$4B in 2021, to Saudi Arabia-based Savvy Games; Moonton makes Mobile Legends (Bloomberg)
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- ByteDance Ltd. is reportedly in discussions to sell its gaming studio, Shanghai Moonton Technology Co., to Savvy Games Group, a Saudi Arabia-based company. This potential sale comes after ByteDance acquired Moonton for approximately $4 billion in 2021, indicating a strategic shift in its gaming portfolio.
- The sale of Moonton could reflect ByteDance's evolving focus within the gaming sector, as it seeks to optimize its investments and possibly redirect resources towards other ventures, especially in light of its recent valuation surge to $480 billion.
- This development highlights the increasing interest from international investors in the gaming industry, particularly in the Middle East, where companies like Savvy Games are positioning themselves as significant players. The potential sale also underscores the competitive landscape of the gaming market, where strategic acquisitions and divestitures are becoming more common.
— via World Pulse Now AI Editorial System


