Chinese technology company and TikTok’s owner ByteDance has reportedly acquired Mobile Legends: Bang Bang developer and publisher Moonton.The acquisition, which is believed to be valued to be around $4bn, has been made through ByteDance’s video games unit Nuverse, according to Reuters.
ByteDance said in a statement: “Through cross-team collaboration and drawing on lessons and insights from its own rapid growth, Moonton provides the strategic support needed to accelerate Nuverse’s global gaming offerings.”
It was also reported by the news agency that Chinese technology conglomerate Tencent also bid to acquire Moonton, however, the offer was matched by ByteDance last week.