Overview
- Reuters reports the sides have agreed initial broad terms for a deal valuing Moonton between $6 billion and $7 billion.
- Sources indicate the transaction could close by the end of the current quarter.
- The move continues ByteDance’s retreat from gaming after acquiring Moonton in 2021 and exploring divestments in 2024.
- Savvy Games Group is fully owned by Saudi Arabia’s Public Investment Fund, which has built stakes in major publishers and is part of a $55 billion bid to take EA private.
- Moonton’s Mobile Legends: Bang Bang counts roughly 1.5 billion installs and over 110 million monthly users, while Savvy declined comment and ByteDance and Moonton did not respond.