ByteDance reportedly in talks to sell Mobile Legends dev Moonton to Savvy Games for $6bn+

Summary

ByteDance, the parent company of TikTok, is reportedly in advanced talks to sell Moonton Technology, the developer of the popular game Mobile Legends: Bang Bang, to Savvy Games Group. The transaction could exceed $6 billion.

What Was Announced

The potential sale of Moonton Technology to Savvy Games Group, a Saudi Arabian state-owned investment focused on gaming and esports, represents a significant shift in the mobile gaming landscape. Negotiations are reportedly at an advanced stage, suggesting an imminent deal.

Relevance for Devs

For developers, this acquisition could mean new opportunities and challenges. Savvy Games Group has vast financial resources and ambitions to expand its presence in the gaming industry. This could lead to investments in new technologies, the expansion of Mobile Legends to other platforms, and the creation of new games.

• Possible integration with other Savvy Games Group studios.
• Increased resources for development and marketing.
• New career opportunities.

Impact

The acquisition of Moonton Technology by Savvy Games Group could strengthen the company's position in the mobile gaming market and boost the growth of Mobile Legends. Furthermore, it could influence the competition between major mobile gaming companies like Tencent and NetEase.

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