ByteDance to Leave Gaming

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Revision as of 14:00, 27 November 2023 by Andura (talk | contribs) (Created page with "{{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 retre...")
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Written by Dante Uzel on 27 November 2023 13:22

Bytedance.png

Source:ByteDance


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.

Tags: ByteDance

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