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SINGAPORE/HONG KONG – ByteDance is in superior talks to promote Shanghai Moonton Technology, the studio behind the favored cell recreation Mobile Legends: Bang Bang, to Saudi Arabia’s Savvy Games Group in a deal valued at between US$6 billion (S$7.58 billion) and US$7 billion, sources mentioned.
A deal may very well be sealed as quickly as this quarter, mentioned one of many two sources, who’ve information of the matter. The two firms have reached preliminary settlement on broad phrases of the deal, mentioned the second supply.
The sources declined to be named as they weren’t authorised to talk to the media.
ByteDance, Moonton and Savvy Games didn’t instantly reply to Reuters requests for remark.
Reuters is reporting the deal worth and the timeline for the attainable transaction for the primary time.
The Moonton sale would add to the continuing consolidation within the online game trade, as a variety of main gamers race for IP dominance, extra distribution channels and scale up in international markets.
The deal would mark ByteDance’s main retreat from on-line video games.
The social media group mentioned in 2023 it had determined to restructure its gaming enterprise after a overview.
ByteDance purchased Moonton in 2021 through its gaming unit Nuverse, with the deal valuing the studio at round US$4 billion, Reuters reported on the time, because the TikTok proprietor tried to construct a global video games enterprise to problem larger rivals.
Established in 2014, Moonton describes itself as a world online game firm centered on recreation growth, publishing and e-sports, in keeping with its web site.
It mentioned it has greater than 2,000 staff and operates workplaces in Indonesia, Malaysia, Singapore, the Philippines, Latin America and China.
On its official web site, Moonton additionally mentioned Mobile Legends: Bang Bang has over 1.5 billion installations and greater than 110 million month-to-month energetic customers, and ranks among the many high 10 most performed video games in over 80 nations.
Savvy Games Group, owned by Saudi Arabia’s Public Investment Fund, is a world video games and e-sports firm pursuing progress by means of acquisitions, investments and industrial ventures, its web site confirmed.
It acquired Scopely, a maker of cell video games based mostly in Culver City, California, for US$4.9 billion in 2023. Scopely snapped up ‘Pokemon Go’ maker Niantic’s recreation division in March 2025 for US$3.5 billion.
The deliberate divestment of Moonton comes as ByteDance’s valuation has soared up to now yr.
ByteDance’s first- and second-quarter 2025 revenues each topped these of Facebook and Instagram proprietor Meta, making it the world’s No. 1 social media firm by gross sales, Reuters has reported.
ByteDance within the third quarter launched an worker share buyback at a valuation of greater than US$330 billion, up 5.5 per cent from the earlier buyback in March, sources have mentioned.
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