• 09/22/2024

China’s Bytedance eyes sales of gaming unit Moonton, speaking to potential buyers

Reuters

Reuters exclusively reported that TikTok owner ByteDance is discussing the sale of its gaming unit Moonton Technology with potential buyers, two years after it acquired the Shanghai-based studio in a deal that valued it at $4 billion, five people familiar with the matter said. 

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https://www.reutersagency.com/en/reutersbest/article/chinas-bytedance-eyes-sales-of-gaming-unit-moonton-speaking-to-potential-buyers/