Home Business China’s Bytedance eyes sales of gaming unit Moonton, speaking to potential buyers | Reuters News Agency

China’s Bytedance eyes sales of gaming unit Moonton, speaking to potential buyers | Reuters News Agency

0
China’s Bytedance eyes sales of gaming unit Moonton, speaking to potential buyers | Reuters News Agency

[ad_1]

Business & FinanceTechnology

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. 

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

[ad_2]

Source link