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ByteDance to sell gaming unit Moonton to Saudi PIF-owned firm

ReutersMar 20, 2026 11:59 AM

HONG KONG, March 20 (Reuters) - Chinese tech company ByteDance said on Friday it has agreed to sell Shanghai Moonton Technology, the studio behind the popular mobile game Mobile Legends: Bang Bang, to a Riyadh-based gaming firm owned by Saudi Arabia's Public Investment Fund (PIF).

It did not disclose any financial details but a person with knowledge of the matter said the transaction values Moonton at more than $6 billion.

Reuters reported in February that the company was in advanced talks to sell the business to Savvy Games Group in a deal valued at between $6 billion and $7 billion.

Savvy, owned by Saudi Arabia's sovereign wealth fund, the PIF, is a global games and e-sports company pursuing growth through acquisitions, investments and commercial ventures, its website says.

Japan's Nikkei newspaper first reported the agreement on Friday.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

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