ByteDance agrees to sell MuTong Technology to a Saudi gaming company

LootboxPhobia · 2026-03-20T14:03:57+00:00

ByteDance has agreed to sell Shanghai Moonton Technology to Savvy Games Group, a subsidiary of Saudi Arabia's Public Investment Fund, in a deal valued at over $6 billion. Specific financial details have not been disclosed. Moonton Technology is the developer of the popular game "Infinite Conquest."

LootboxPhobia

2026-03-20 14:03:57

Abstract generation in progress

Investing.com – Chinese tech company ByteDance announced on Friday that it has agreed to sell Shanghai Mouton Technology to a gaming company based in Riyadh under the Saudi Public Investment Fund.

Mouton Technology is the developer behind the popular mobile game “Mobile Legends: Bang Bang.”

ByteDance did not disclose the financial details of the deal. An insider said the valuation of Mouton Technology exceeds $6 billion.

In February this year, Reuters reported that ByteDance was in advanced negotiations with Savvy Games Group to sell the business, with a deal valuation between $6 billion and $7 billion.

Savvy Games Group is owned by the Saudi Arabian sovereign wealth fund—the Public Investment Fund. According to its website, Savvy is a global gaming and eSports company seeking growth through acquisitions, investments, and business collaborations.

Japan’s Nikkei reported this agreement first on Friday.

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