Reuters reports that ByteDance is in advanced talks with...

Reuters reports that ByteDance is in advanced talks with Saudi Arabia's Savvy Games Group regarding the sale of its gaming subsidiary, Moonton Technology, for a deal valued between $6 billion and $7 billion. Moonton is the developer of the popular mobile game Mobile Legends: Bang Bang. ByteDance acquired the studio in 2021 for approximately $4 billion as part of its global gaming expansion. If the sale is completed, it would mark the end of ByteDance's development of mid-to-high-end games. Sources indicate that both parties are working quickly and a final agreement could be reached within this quarter, although negotiations are ongoing and terms are subject to change.

Reuters reports that ByteDance is in advanced talks with Saudi Arabia's Savvy Games Group regarding the sale of its gaming subsidiary, Moonton Technology, for a deal valued between $6 billion and $7 billion. Moonton is the developer of the popular mobile game Mobile Legends: Bang Bang. ByteDance acquired the studio in 2021 for approximately $4 billion as part of its global gaming expansion. If the sale is completed, it would mark the end of ByteDance's development of mid-to-high-end games. Sources indicate that both parties are working quickly and a final agreement could be reached within this quarter, although negotiations are ongoing and terms are subject to change.