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.
- Entities
- Company: Moonton
- Company: Electronic Gaming Development Company
- Company: Savvy Games
- Topic: MOBA
- Game: Mobile Legends: Bang Bang
- Topic: Mergers and Acquisitions
- Company: ByteDance
- Company: Nintendo
- Company: Public Investment Fund
- Company: Capcom
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