Business
Exclusive-China’s Bytedance is talking to likely buyers about gaming unit Moonton’s sale-sources
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HONG KONG : TikTok owner ByteDance has been meeting up with potential buyers for a sale of its gaming unit Moonton Technology two years after it acquired the Shanghai-based studio in a deal that valued it at $4 billion, people familiar with the matter said.
Shanghai-based Moonton, which has developed the popular mobile game “Mobile Legends: Bang Bang”, was acquired by ByteDance in 2021. At the time, it was seen as ByteDance’s biggest commitment to become a major player in the $187 billion global video games market.
ByteDance declined to comment.
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