View source for News/ByteDance to Leave Gaming

{{News
|seo_title=ByteDance to Leave Gaming
|seo_keywords=ByteDance
|image=Bytedance.png
|tags=ByteDance
|date=2023-11-27T13:22:12.000Z
|sources={{NewsSource
|source=Reuters
|url=https://www.reuters.com/technology/bytedance-wind-down-gaming-brand-nuverse-full-retreat-gaming-sources-2023-11-27/
|article=News/ByteDance to Leave Gaming
}}
|author=Andura
|category=Business
|content=The parent company of TikTok, ByteDance announced that they will restructure Nuverse and retreat from the gaming industry. "'''We regularly review our businesses and make adjustments to centre on long-term strategic growth areas. Following a recent review, we've made the difficult decision to restructure our gaming business,"''' the spokeperson said to Reuters.

The company is expected to lay off a significant portion of its staff. The reports also state that ByteDance aims to sell Moonton Technology the parent company of MLBB.
}}