ByteDance eyes $6B Moonton divesture in Saudi-backed Savvy deal

Chinese tech giant, ByteDance has engaged in discussions with Saudi Arabia’s Savvy Games Group regarding the sale of Shanghai Moonton Technology, the developer of the widely played mobile title Mobile Legends: Bang Bang. Officials have reportedly placed a value on the transaction worth approximately $6 billion to $7 billion. People familiar with the matter say […] source: https://www.cryptopolitan.com/bytedance-eyes-moonton-exit-in-a-6bn-deal/