ByteDance to Sell Moonton to Saudi PIF-Backed Savvy for Over $6B, Exiting Core Gaming Assets
ByteDance has reached a final agreement to sell Moonton to Savvy Games Group, a subsidiary of Saudi Arabia’s Public Investment Fund, for more than $6 billion, according to TechNode. The deal would make Moonton a wholly owned Savvy subsidiary and signals ByteDance’s full divestment from core gaming assets after acquiring Moonton in 2021.