News/ByteDance Looking to Sell Moonton

ByteDance Looking to Sell Moonton

Business

01 December 2025 13:28

TikTok’s parent company, ByteDance, is reportedly discussing the sale of Shanghai Moonton Technology Co., the studio behind Mobile Legends: Bang Bang. According to a Bloomberg report, people familiar with the situation say talks are happening even though there have been rumors that Savvy Games Group’s owner, Saudi Arabia’s Public Investment Fund (PIF), may be short on cash after spending heavily on gaming and esports in recent years.

ByteDance purchased Moonton in 2021, but neither ByteDance nor Savvy has responded to media questions about the possible deal. Bloomberg’s sources also warned that the discussions are still early and might not lead to an actual sale.

The PIF, which controls Savvy Games Group, has been criticized internationally over alleged human rights abuses in Saudi Arabia. The fund already owns shares in several major gaming companies, including Nintendo, Capcom, Nexon, Take-Two Interactive, Activision Blizzard, and Koei Tecmo.

PIF is also part of the group planning to acquire Electronic Arts, working alongside Affinity Partners, an investment firm started by Jared Kushner, the son-in-law of former U.S. president Donald Trump.

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ByteDance Looking to Sell Moonton

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01 December 2025 13:28

Tags: ByteDance

TikTok’s parent company, ByteDance, is reportedly discussing the sale of Shanghai Moonton Technology Co., the studio behind Mobile Legends: Bang Bang. According to a Bloomberg report, people familiar with the situation say talks are happening even though there have been rumors that Savvy Games Group’s owner, Saudi Arabia’s Public Investment Fund (PIF), may be short on cash after spending heavily on gaming and esports in recent years.

ByteDance purchased Moonton in 2021, but neither ByteDance nor Savvy has responded to media questions about the possible deal. Bloomberg’s sources also warned that the discussions are still early and might not lead to an actual sale.

The PIF, which controls Savvy Games Group, has been criticized internationally over alleged human rights abuses in Saudi Arabia. The fund already owns shares in several major gaming companies, including Nintendo, Capcom, Nexon, Take-Two Interactive, Activision Blizzard, and Koei Tecmo.

PIF is also part of the group planning to acquire Electronic Arts, working alongside Affinity Partners, an investment firm started by Jared Kushner, the son-in-law of former U.S. president Donald Trump.

More:SkinBid Announces Bankruptcy

Share:

Sources:

Report mistake Submit news

Related news

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