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BTCC / BTCC Square / Global Cryptocurrency /
ByteDance Nears $6B Moonton Sale to Saudi-Backed Savvy Games in Strategic Retreat from Gaming

ByteDance Nears $6B Moonton Sale to Saudi-Backed Savvy Games in Strategic Retreat from Gaming

Author:
Global Cryptocurrency
Published:
2026-02-13 15:21:01
5
2
BTCCSquare news:

ByteDance is finalizing a landmark $6-7 billion sale of Shanghai Moonton Technology to Saudi Arabia's Savvy Games Group, marking one of China's largest cross-border gaming deals. The transaction, expected to close this quarter, signals ByteDance's strategic withdrawal from competitive video game markets dominated by rivals like Tencent.

Sources indicate advanced negotiations with tentative agreements on key terms, though neither party has publicly confirmed details. The sale follows ByteDance's 2021 $4 billion Moonton acquisition—a bet on gaming that faltered against entrenched competition requiring heavy investment.

For Savvy Games, the deal accelerates Saudi Arabia's $38 billion push to become a global gaming hub. The Public Investment Fund-backed group has aggressively acquired esports and development assets since 2022, including ESL Gaming and Scopely.

ByteDance continues trimming gaming assets after disbanding its Nuverse publishing unit last November. The retreat contrasts with its Core short-video business, where TikTok remains a global leader facing geopolitical headwinds.

|Square

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