informa
/
1 MIN READ
News

TikTok owner ByteDance acquires Chinese studio Moonton Technology

TikTok owner ByteDance has acquired Shanghai-based studio Moonton Technology, best known for developing the mobile MOBA, Mobile Legends: Bang Bang.

TikTok owner ByteDance has acquired Shanghai-based studio Moonton Technology, best known for developing the mobile MOBA Mobile Legends: Bang Bang

As reported by Reuters, which spoke with two anonymous sources, the deal values Moonton at $4 billion and comes as ByteDance continues its push into the video game market. 

ByteDance confirmed the purchase in a short statement and said Moonton would help support its internal game division, Nuverse.

"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," said the company, which declined to comment on the size of the deal.

An internal memo from Moonton chief exec Yuan Jing -- the details of which were shared with Reuters by another anonymous source -- suggested the Chinese studio will operate independently from ByteDance following the deal.

Latest Jobs

Treyarch

Playa Vista, Los Angeles, CA, USA
9.12.23
Senior Level Designer (Zombies)

PlayStation Studios Creative Arts

Petaling Jaya, Selangor, Malaysia
9.14.23
Lead Concept Artist

High Moon Studios

Carlsbad, CA, USA
9.20.23
Technical Designer at High Moon Studios

High Moon Studios

Carlsbad, CA, USA
9.18.23
VFX Artist
More Jobs   

CONNECT WITH US

Explore the
Advertise with
Follow us

Game Developer Job Board

Game Developer

@gamedevdotcom

Explore the

Game Developer Job Board

Browse open positions across the game industry or recruit new talent for your studio

Browse
Advertise with

Game Developer

Engage game professionals and drive sales using an array of Game Developer media solutions to meet your objectives.

Learn More
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more