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

Chris Kerr, News Editor

March 22, 2021

1 Min Read

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.

About the Author(s)

Chris Kerr

News Editor, GameDeveloper.com

Game Developer news editor Chris Kerr is an award-winning journalist and reporter with over a decade of experience in the game industry. His byline has appeared in notable print and digital publications including Edge, Stuff, Wireframe, International Business Times, and PocketGamer.biz. Throughout his career, Chris has covered major industry events including GDC, PAX Australia, Gamescom, Paris Games Week, and Develop Brighton. He has featured on the judging panel at The Develop Star Awards on multiple occasions and appeared on BBC Radio 5 Live to discuss breaking news.

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