ByteDance sells games studio Moonton to Saudi firm for over US$6 billion amid pivot to AI
SCMP Tech / 3/20/2026
📰 NewsSignals & Early TrendsIndustry & Market Moves
Key Points
- ByteDance sells its Moonton gaming studio to a Saudi firm for more than US$6 billion.
- The sale is part of ByteDance's broader shift away from certain gaming assets as it pivots to artificial intelligence initiatives.
- ByteDance has divested three gaming units in 2024, two to Tencent and one to a subsidiary of China Ruyi Holdings.
- The deal highlights a strategic realignment among large tech groups toward AI capabilities and potential impacts on the gaming and AI landscape.
- The transaction underscores the scale of capital reallocation as ByteDance refocuses its portfolio around AI technologies.
ByteDance has struck a deal to sell its gaming studio Moonton to Savvy Games Group, a Saudi gaming company owned by the country’s sovereign wealth fund, for more than US$6 billion, according to information from the two sides on Friday.
Moonton, known for the popular online battle title Mobile Legends: Bang Bang, recently signed an agreement to sell to Savvy, owned by Saudi Arabia’s Public Investment Fund, Moonton CEO Zhang Yunfan said in an internal memo on Thursday seen by the South China...
Continue reading this article on the original site.
Read original →Related Articles
The Honest Guide to AI Writing Tools in 2026 (What Actually Works)
Dev.to
The Honest Guide to AI Writing Tools in 2026 (What Actually Works)
Dev.to
AI Cybersecurity
Dev.to
Next-Generation LLM Inference Technology: From Flash-MoE to Gemini Flash-Lite, and Local GPU Utilization
Dev.to
The Wave of Open-Source AI and Investment in Security: Trends from Qwen, MS, and Google
Dev.to
