Saudi-backed Savvy Games acquires mobile developer Moonton for $6 billion
Saudi-backed Savvy Games has acquired Chinese mobile developer Moonton for $6 billion, strengthening its position in the mobile gaming and esports markets. Moonton is known for its popular MOBA game Mobile Legends: Bang Bang, which boasts over 110 million monthly active players. This acquisition is part of Savvy Games' broader strategy to invest heavily in the gaming industry.
- Entities
- Company: Microsoft
- Company: Moonton
- Company: Savvy Games
- Company: EA
- Company: Bytedance
- Company: Bethesda
- Topic: Mobile Gaming
- Game: Pokémon Go
- Company: Niantic
- Game: Mobile Legends: Bang Bang
- Topic: Mergers and Acquisitions
- Company: Scopely
- Person: Brian Ward
- Topic: Esports
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