ByteDance Sells Mobile Legends: Bang Bang Dev Moonton to Saudis for $6b

ByteDance has agreed to sell Moonton, the developer of Mobile Legends: Bang Bang, to Saudi Arabian-owned Savvy Games Group for over $6 billion. This acquisition is part of Saudi Arabia's significant investment in the gaming sector. Moonton's parent company, ByteDance, previously acquired the studio in 2021 but has since been divesting from its gaming ventures.

• COMPANY Moonton
• COMPANY Electronic Gaming Development Company
• COMPANY Savvy Games
• GAME Mobile Legends: Bang Bang
• COMPANY ByteDance
• COMPANY Nintendo
• COMPANY Public Investment Fund
• COMPANY Capcom