Savvy Games
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Savvy Games Group to acquire Moonton Games for $6 billion
Savvy Games Group is set to acquire Moonton Games for $6 billion. This acquisition follows ByteDance's purchase of Moonton Games for $4 billion in 2021.
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.
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.
One Of The Top 10 Biggest Gaming Buyouts In History Just Happened
Savvy Games Group has confirmed its acquisition of Moonton Technology, the developer of Mobile Legends: Bang Bang, for over $6 billion USD. This deal marks the sixth-largest buyout in video game history, with ByteDance making a $2 billion profit from its 2021 purchase. Savvy Games Group has been active in acquisitions, previously buying Scopely and Niantic's gaming division.
Pokemon Go’s Niantic has leveraged years of collected player data to train… delivery robots
Niantic, the developer behind Pokemon Go, is using player data collected from the game and its other AR title Ingress to train delivery robots for Coco Robotics. Approximately 30 billion images and various sensor data points have been leveraged to create centimeter-accurate maps for urban navigation. Niantic Spatial plans to continue gathering player data with voluntary consent to enhance its visual positioning system technology.
Saudi Arabia firm EGDC now owns 5% stake in Capcom
Saudi Arabia-based Electronic Gaming Development Company (EGDC) has acquired a 5.03% stake in Capcom, amounting to 26,788,500 shares, for pure investment purposes. This follows previous investments by Saudi Arabia's Public Investment Fund (PIF) in Capcom and other major gaming companies like Electronic Arts and Take-Two Interactive.
