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.
Business & FinanceTechnology
China’s Bytedance eyes sales of gaming unit Moonton, speaking to potential buyers
15 November 2023, 1:19 pm 1 minute
Market Impact
Companies that ByteDance has met to discuss the sale of the company include at least one Saudi-based firm, two people familiar with the matter said.
Article Tags
Topics of Interest: Business & FinanceTechnology
Type: Reuters Best
Sectors: Business & FinanceTechnology
Regions: Asia
Countries: China
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
