ByteDance has agreed to sell its games unit Moonton to Savvy Games Group for $6 billion after discussions earlier this year. Moonton, known for popular mobile title Mobile Legends: Bang Bang, will finalize the transaction soon. ByteDance has been winding down its gaming arm since 2023, focusing on AI development. Savvy Games, owned by Saudi Arabia’s Public Investment Fund, has been acquiring gaming companies like Niantic. The sale is part of a consolidation trend in the gaming industry that saw significant job losses between 2022 and 2025.
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