Is it true that Moonton was sold by Bytedance?

Recently the gaming world has just been shocked by a news that is very surprising to gamers. Because the developer of the Mobile Legends game, Moonton, is rumored to be sold by Bytedance.

Recently the gaming world has just been shocked by a news that is very surprising to gamers. Because the developer of the Mobile Legends game, Moonton, is rumored to be sold by Bytedance.

For those who are not familiar with ByteDance, you need to know that this company is the owner of TikTok, a short video sharing platform that is very popular around the world. Although it initially focused on the gaming market by purchasing Moonton, the developer of Mobile Legends: Bang Bang, in 2021 for around USD 4 billion. However, now ByteDance is reportedly selling and looking for buyers for Moonton.

Worse still, Bytedance has reportedly held meetings with several potential companies to buy moonton. One of these companies comes from Saudi Arabia, which as you know Saudi Arabian companies on average really like to buy branches that contain esports.

fire before that is it true that Moonton will sell Bytedance and what

Moonton is being sold because of disappointment

According to information from Reuters, the reason Bytedance sold Moonton was because it found it disappointing. Bytedance has a main focus on expanding the gaming sector, while Moonton is only stuck on one game, Mobile Legends: Bang Bang.

Moonton’s inability to create competitive mobile games other than Mobile Legends: Bang Bang is what initiated Bytedance’s plan to sell it. In the report, it is reported that Moonton will only survive with one main product.

Despite the success of Mobile Legends, Bytedance still considers it a disappointment because it doesn’t match the focus they want. That’s why Bytedance plans to sell Moonton to another company.

However, the ByteDance company itself has not made any official comments regarding this rumor.