ByteDance is selling its Moonton game unit to Savvy Games for a cool $6 billion
ByteDance has agreed to sell its mobile game developer Moonton, known for Mobile Legends: Bang Bang, to Savvy Games Group for $6 billion. This move is part of ByteDance's strategic shift away from gaming towards AI, while Savvy Games Group, backed by Saudi Arabia's Public Investment Fund, continues its expansion in the gaming sector.
- Entities
- Game: Marvel Snap
- Company: Electronic Arts
- Topic: Industry Consolidation
- Company: Moonton
- Company: Savvy Games
- Topic: Mobile Gaming
- Company: Niantic
- Game: Mobile Legends: Bang Bang
- Topic: Mergers and Acquisitions
- Company: Scopely
- Company: ByteDance
- Company: Nuverse
- Company: Nintendo
- Game: Ragnarok X: Next Generation
- Company: Public Investment Fund
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