News/Tencent Takes Over ByteDance Gaming Division
Written by Dante Uzel on 15 March 2024 08:06
According to recent reports by Reuters, Tencent has acquired two video game divisions from ByteDance after ByteDance withdrew from the gaming industry last year. One studio, based in Shenzhen, is developing an action game, while the other studio, located in East China, is working on an anime game.
ByteDance announced their intentions to pull out of gaming industry last year. The company was recently in talks of the sale of its gaming division.
Sources: 
Categories:
Related news
Tencent Directors to Leave Epic Games
Tencent Acquires Stake in Kuro Games
Esports World Cup Foundation Partners with Level Infinite
British Esports Partners with Level Infinite
Tencent CEO on Business