ByteDance in talks to sell Moonton, its gaming unit for more than $6 million

ByteDance in talks to sell Moonton, its gaming unit for more than $6 million

A Reuters report revealed that ByteDance is in advanced talks to Shanghai Moonton Technology, the studio behind the popular mobile game “Mobile Legends: Bang Bang” to Saudi Arabia’s Savvy Games Group.

This deal is valued between $6 billion and $7 billion. Sources said that a deal could be finalized as soon as this quarter, according to the report, which also revealed the two companies have reached initial agreement on broad terms of the deal.

Moonton, which was established in 2014, describes itself as a global video game company focused on game development,

publishing and e-sports, according to its website. It claims to have more than 2,000 employees and operates offices in Indonesia, Malaysia, Singapore, the Philippines, Latin America and China.

Montoon also says in its website that “Mobile Legends: Bang Bang” has over 1.5 billion installations and more than 110 million monthly active users.