Bytedance To Acquire Mobile Legends Maker Moonton
Reuters reports that, on the ByteDance side of things, the acquisition would be done by Nuverse, its video games division. The report also cites an internal memo where Montoon CEO Yuan Jing said that the company will maintain its autonomy. ByteDance was not the only company eyeing Moonton for acquisition though. China’s gaming giant Tencent previously made a bid for Moonton, but its offer was matched by ByteDance. What makes things even more interesting is the fact that Moonton was founded by a former Tencent employee....