Technology
TikTok parent reportedly eyeing $6bn deal with Saudi Arabia’s Public Investment Fund
ByteDance acquired Moonton, the maker of Mobile Legends: Bang Bang, at a valuation of about $4 billion in 2021. (Photo by Yuji Murakami)
CISSY ZHOU and LORRETTA CHEN
HONG KONG — TikTok parent ByteDance’s move to sell mobile game studio Moonton is more of a “strategic partnership” than an outright sale, Zhang Yunfan, head of ByteDance’s gaming business, told Nikkei Asia on Tuesday.