Overview
- Both companies confirmed an agreement valuing the deal at about $6 billion, with completion expected in the coming months.
- Moonton CEO Zhang Yunfan will remain in place with the existing management team, and the studio will continue operating from Shanghai.
- Employees are set to receive transaction-related incentives, including accelerated vesting and payouts of certain long-term awards.
- Moonton develops Mobile Legends: Bang Bang, which has roughly 1.5 billion installs and over 110 million monthly active users, and employs more than 2,000 staff across Asia and Latin America.
- Savvy Games Group, owned by Saudi Arabia’s Public Investment Fund, has been expanding through major deals including Scopely and Niantic and involvement in the $55 billion Electronic Arts take-private.