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ByteDance wants to sell Mobile Legends

ByteDance wants to sell Mobile Legends

762 View2023-11-19
Source :Noypigeeks.com
Moonton, best known for its popular mobile game “Mobile Legends: Bang Bang,” has not been able to replicate its initial success with another hit game since being acquired by ByteDance. This, coupled with other setbacks in ByteDance’s gaming expansion, such as disbanding its game development unit 101 Studio and restructuring its virtual reality unit Pico, has contributed to the company’s desire to sell Moonton.
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ByteDance, the parent company of popular video-sharing app
TikTok, is reportedly engaged in discussions with potential buyers regarding the sale of its gaming unit Moonton Technology.
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According to an exclusive report by
Reuters, ByteDance has allegedly held talks with at least one Saudi-based firm regarding the potential sale. However, the discussions are still in the early stages, and there is no guarantee of a deal being finalized. ByteDance’s decision to sell Moonton is part of its strategy to focus resources on its core business activities.
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