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flag ByteDance sells Moonton to Saudi-backed Savvy Games for $6B, exiting gaming amid industry struggles.

flag ByteDance has agreed to sell its Moonton gaming unit to Savvy Games Group, backed by Saudi Arabia’s Public Investment Fund, for $6 billion, marking a major shift toward artificial intelligence. flag The deal, expected to close soon, follows ByteDance’s exit from gaming after struggling to compete, including shutting its Nuverse brand. flag Moonton, creator of the 1.5 billion-download hit Mobile Legends: Bang Bang, will retain its leadership and operations in Shanghai. flag The sale reflects broader industry consolidation and layoffs, as the global gaming sector faces a turbulent period.

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