ByteDance reportedly in "advanced talks" to sell Mobile Legends dev Moonton Technology to Savvy Games for over $6bn
ByteDance is reportedly in advanced negotiations to sell its mobile game developer Moonton Technology, known for Mobile Legends, to Savvy Games Group for over $6 billion. The deal, which could close this quarter, would signify ByteDance's significant withdrawal from the online gaming sector. Savvy Games Group, backed by Saudi Arabia's Public Investment Fund, has existing investments in several major gaming companies.
- Entities
- Company: Electronic Arts
- Company: Activision
- Company: NEXON
- Company: Tencent
- Company: Take-Two Interactive
- Company: Savvy Games Group
- Company: Moonton Technology
- Topic: Mergers and Acquisitions
- Company: ByteDance
- Company: Nintendo
- Company: Koei Tecmo
- Company: Public Investment Fund
- Company: Capcom
- Game: Mobile Legends
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