Savvy Games Group in Talks to Acquire Developers of Mobile Legends: Bang Bang

ByteDance is currently in negotiations with Savvy Games Group regarding the potential sale of Moonton Studio, the developer behind the popular mobile title Mobile Legends: Bang Bang. This development marks a renewed effort by the Chinese conglomerate to divest from the studio as part of a broader restructuring of its gaming division. While ByteDance previously acquired Moonton in 2021 for $4 billion, it has since explored exit strategies, including a failed attempt to sell the studio two years ago.

The potential acquisition aligns with the stated strategic interests of Savvy Games Group, which has publicly expressed an intent to expand its footprint within the Chinese gaming market. Although reports indicate that discussions are underway, the terms of the deal remain undisclosed, and the finalization of the transaction is not guaranteed. Neither party has provided official commentary on the status of the negotiations.

In a broader context of the Chinese gaming landscape, the industry continues to see significant valuation shifts among its major players. Recent data from the Hurun Research Institute highlights the market standing of key firms, with Tencent and ByteDance maintaining top positions at valuations of $473 billion and $225.4 billion, respectively. Meanwhile, private entities like miHoYo have demonstrated sustained growth, reaching an estimated market capitalization of $24.2 billion. These trends underscore the high-stakes environment for major acquisitions and the ongoing evolution of the digital entertainment sector in China.