ByteDance’s Plan to Sell Moonton Technology Sparks Rumours

So, get this—rumour has it that ByteDance, the big shots behind TikTok, are thinking about selling off Moonton Technology, the brains behind Mobile Legends: Bang Bang. Yep, you heard that right! Word on the street is that ByteDance has been chatting it up with a bunch of potential buyers, but they’re keeping tight-lipped about it. Apparently, these talks are going down two years after ByteDance swooped in and snagged Moonton for a cool $4 billion. That move was a game-changer for ByteDance, putting them on the map in the gaming world. But here’s the kicker—it looks like ByteDance has been scaling back its gaming biz lately, laying off hundreds of folks in September 2022 and then swinging the axe again in December. And get this—they even did a major shake-up in 2021, making Nuverse, their gaming arm with Moonton and C4Games, a top priority. But wait, there’s more drama—Moonton’s been caught up in a legal tussle with Riot Games over Mobile Legends: Bang Bang allegedly being a rip-off of Riot’s League of Legends. The plot thickens, right? Well, last year, a US court tossed out Riot Games’ lawsuit and said the beef should be settled in China. So, Moonton’s gearing up to face off against Riot’s parent company Tencent in court. Talk about a showdown!