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.

• GAME Marvel Snap
• COMPANY Electronic Arts
• COMPANY Moonton
• COMPANY Savvy Games
• COMPANY Niantic
• GAME Mobile Legends: Bang Bang
• COMPANY Scopely
• COMPANY ByteDance
• COMPANY Nuverse
• COMPANY Nintendo
• GAME Ragnarok X: Next Generation
• COMPANY Public Investment Fund