ChainThink reports that on March 20, ByteDance announced it has reached a final agreement to sell Moonton to Savvy Games Group, a subsidiary of Saudi Arabia’s Public Investment Fund (PIF), for over $6 billion. Moonton is the developer and publisher of the popular Southeast Asian MOBA mobile game Mobile Legends: Bang Bang (MLBB), which ByteDance acquired in 2021. It is understood that ByteDance has made substantial investments in AI, resulting in a decline in overall profits for the fourth quarter of 2025; the sale of Moonton is seen as a signal of ByteDance’s further strategic focus on AI. (Jiemian)
ByteDance sells mobile games developer for over $6 billion to focus on AI strategy
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Summary
On March 20, 2026, ByteDance announced it had agreed to sell Moba Games to Savvy Games Group, a subsidiary of the PIF, for over $6 billion. Moba Games, the developer of Mobile Legends: Bang Bang, was acquired in 2021. The transaction aligns with ByteDance’s AI + crypto strategy amid shifting priorities. On-chain data indicates the move follows a profit decline in Q4 2025, prompting the company to reallocate resources toward AI.
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