Savvy Games Group has entered an agreement to acquire Moonton Games from ByteDance in a deal valued at USD 6 billion.
Moonton is the developer behind Mobile Legends: Bang Bang, as well as Watcher of Realms and Magic Rush: Heroes. Founded in 2014, the company has grown to over 2,000 employees across Southeast Asia, Latin America, and China.
Previously, ByteDance acquired Moonton in 2021 for around USD 4 billion.
According to Moonton CEO Zhang Yunfan, the transaction is expected to be completed soon.
He added that the current management team will remain in place, while employees will be offered incentive programs during the transition.
Savvy Games is a subsidiary of Saudi Arabia’s Public Investment Fund.
The acquisition is part of the fund’s broader push to expand its presence in the global gaming industry, following previous investments in companies such as Electronic Arts and Capcom.
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