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ByteDance Explores Sale of Moonton to Saudi-Backed Savvy Games Group

ByteDance Explores Sale of Moonton to Saudi-Backed Savvy Games Group

Author:

Global Cryptocurrency

Published:

2025-11-27 17:31:02

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BTCCSquare news:

ByteDance is in early talks to sell Shanghai Moonton Technology, the developer behind the popular Mobile Legends: Bang Bang, to Saudi Arabia's Savvy Games Group. The potential deal highlights ByteDance's strategic retreat from gaming amid regulatory pressures and internal restructuring.

Mobile Legends remains a powerhouse in Southeast Asia, but its growth faces headwinds from U.S. competitors and slowing momentum. A Savvy acquisition could pivot the game toward expansion in the Middle East and North Africa, aligning with Saudi Arabia's Vision 2030 digital economy goals.

ByteDance acquired Moonton in 2021 for $4 billion, signaling ambitious gaming aspirations under its Nuverse division. The retreat underscores the challenges tech giants face in sustaining non-core ventures under tightening global scrutiny.

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