By Josh Ye
HONG KONG TikTok owner ByteDance has been meeting up with potential buyers for a sale of its gaming unit Moonton Technology two years after it acquired the Shanghai-based studio in a deal that valued it at $4 billion, people familiar with the matter said.
Shanghai-based Moonton, which has developed the popular mobile game “Mobile Legends: Bang Bang”, was acquired by ByteDance in 2021. At the time, it was seen as ByteDance’s biggest commitment to become a major player in the $187 billion global video games market.
ByteDance declined to comment.
(Reporting by Josh Ye; Editing by Muralikumar Anantharaman)
