ByteDance,New Folder (2014) the owner of TikTok, is reportedly in discussions with potential buyers for the sale of its gaming unit, Moonton Technology, as exclusively reported by Reuters on Wednesday. This move follows ByteDance’s acquisition of the Shanghai-based game studio two years ago in a deal valuing it at $4 billion. Sources suggest that the talks are in the early stages, and the deal is not assured. The decision to explore the sale aligns with ByteDance’s strategy to focus resources on its core business, according to the report. Moonton Technology gained recognition for developing the popular mobile game “Mobile Legends: Bang Bang,” acquired by ByteDance in 2021. Despite the success of “Mobile Legends,” Moonton has yet to replicate the same level of success with another hit game since its establishment in 2014. [Reuters]
