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ByteDance sells Moonton to Saudi-backed Savvy Games for $6B, exiting gaming amid industry struggles.
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.
The deal, expected to close soon, follows ByteDance’s exit from gaming after struggling to compete, including shutting its Nuverse brand.
Moonton, creator of the 1.5 billion-download hit Mobile Legends: Bang Bang, will retain its leadership and operations in Shanghai.
The sale reflects broader industry consolidation and layoffs, as the global gaming sector faces a turbulent period.
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ByteDance vende Moonton a Savvy Games respaldado por Arabia Saudita por 6 mil millones de dólares, saliendo del juego en medio de las luchas de la industria.