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Savvy Games Set To Acquire Moonton For Over $6 Billion
ByteDance has reached an agreement with Savvy Games over the acquisition of Mobile Legends: Bang Bang developer, Moonton.
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TikTok Parent Company ByteDance Expected To Cut Hundreds Of Jobs In Gaming Division
TikTok parent company, ByteDance, has invested billions of dollars in its gaming division called Nuverse since its launch in 2019. The investment was considered a strategic move to challenge domestic market leaders like NetEase and Tencent.