Exclusive: ByteDance in talks to sell gaming unit Moonton for more than $6 billion, sources say
SummaryCompaniesDeal could be signed this quarter with key terms agreed, sources saySale marks Bytedance retreat from online gamingByteDance valuation soared over the past yearSINGAPORE/HONG KONG, Feb 13 (Reuters) - ByteDance is in advanced talks to sell Shanghai Moonton Technology, the studio behind the popular mobile game Mobile Legends: Bang Bang, to Saudi Arabia's Savvy Games Group in a deal valued at between $6 billion and $7 billion, sources said.A deal could be sealed as soon as this quar...
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