Mobile Legends: Bang Bang studio could be sold in $7 Billion mega deal
(Courtesy : Moonton)
Savvy Games Group eyeing to acquire Moonton
It appears that Saudi Arabia’s ambition in esports and gaming is looking forward to taking another step, as they might acquire Mobile Legends: Bang Bang.
According to the latest reports, it appears that Savvy Games Group is pretty close to acquiring Moonton, the makers of the popular mobile MOBA MLBB. Let’s check out more details in this article.
How can Savvy Games Group get Mobile Legends?
According to the latest reports from Reuters, the parent company of TikTok, ByteDance, is currently in the final stage of negotiating a sale valued between $6 billion and $7 billion.
Nowm if this deal is completed, then it would be one of the biggest acquisitions in the mobile gaming industry.
ByteDance acquired Moonton in 2021 for approximately $4 billion. This was a part of the expansion into the gaming sector. But now, the recent developments suggest that the company might be stepping back from the large gaming development. It appears that ByteDance wants to focus more on platforms and services.
Here comes the Savvy Games Group, who are ready to acquire Moonton. The company headquarters is in Shanghai and has built its reputation through Mobile Legends: Bang Bang.
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Conclusion
Mobile Legends: Bang Bang still continues to dominate the mobile gaming space and mobile esports landscape. Currently, it has been estimated that the game has over 110 million monthly active users.
Savvy Games Group acquiring Moonton will mark another great step in Saudi Arabia’s ambition in gaming and esports.
The country has already made significant investments in publishers, studios, and esports efforts via Savvy Games Group, to diversify its economy and build a robust entertainment sector.
For now, the deal has not been completed yet or made official. We will keep you guys updated with the ongoing deal and confirmation, so make sure to follow us.
FAQs
Is Savvy Games Group officially buying Moonton?
The deal has not been officially confirmed yet, but reports suggest that negotiations are in the final stages.
Why is ByteDance selling Moonton?
Reports indicate that ByteDance may be scaling back its gaming operations to focus more on its core business areas.
How popular is Mobile Legends: Bang Bang?
The game reportedly has around 110 million monthly active users and over 1.5 billion downloads worldwide.
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Mahaksh Chauhan is a passionate gaming journalist who loves for old-school RPGs and turn-based games. With a keen eye for storytelling and a deep understanding of game mechanics, Mahaksh brings an unique perspective to the world of gaming. Inspired by classics like Persona, Red Dead Redemption 2, and Skyrim, Mahaksh is dedicated in sharing the magic of games with readers. When not writing or gaming, Mahaksh can be found cheering on WWE superstars or watching his favourite Anime.