{"id":14044,"date":"2021-03-23T01:45:25","date_gmt":"2021-03-23T01:45:25","guid":{"rendered":"https:\/\/www.ginx.tv\/tiktok-s-parent-company-bytedance-acquires-moonton-developers-of-mobile-legends"},"modified":"2024-07-19T07:38:12","modified_gmt":"2024-07-19T07:38:12","slug":"tiktok-s-parent-company-bytedance-acquires-moonton-developers-of-mobile-legends","status":"publish","type":"post","link":"https:\/\/www.ginx.tv\/en\/tiktok-s-parent-company-bytedance-acquires-moonton-developers-of-mobile-legends","title":{"rendered":"TikTok\u2019s parent company ByteDance acquires Moonton, developers of Mobile Legends"},"content":{"rendered":"<p>Social media giants ByteDance, TikTok&#8217;s parent company, has made official the acquisition of the Chinese developer studio, Moonton Technology, famous for developing the hit Mobile Legends: Bang Bang.<\/p>\n<p><span data-preserver-spaces=\"true\">According to&nbsp;<\/span><a href=\"https:\/\/www.gamesindustry.biz\/articles\/2021-03-22-bytedance-acquires-moonton-technology\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">GamesIndustry.biz<\/span><\/a><span data-preserver-spaces=\"true\">&nbsp;and&nbsp;<\/span><a href=\"https:\/\/www.reuters.com\/article\/technologyNews\/idUSKBN2BE0ES\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Reuters<\/span><\/a><span data-preserver-spaces=\"true\">, this transaction was valued at &#36;4 billion by Nuverse, the gaming subsidiary of ByteDance.<\/span><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn-cf.ginx.tv\/imgcdn\/Dflhdl2Z15CG1d2RSckYmRxf28KFPAHu55jUKMQbtJw\/rs:fill:0:0:1\/g:ce\/aHR0cHM6Ly93d3cuZ2lueC50di91cGxvYWRzL3Bhc3RlZF9pbWFnZV8wLTQ5MC5wbmc\" alt=\"bytedance buys mobile legends\" width=\"600\" height=\"338\" loading=\"lazy\"><br \/><span style=\"font-size: 8pt;\">(Picture: ByteDance)<\/span><\/p>\n<p>Despite this announcement, Moonton will continue to work independently, as it will provide the strategic support needed to accelerate Nuverse&#8217;s global gaming offerings.<\/p>\n<p>Moonton has been the subject of controversies in the past within the gaming industry, including a lawsuit by Tencent for plagiarism of their flagship title, League of Legends, in which they ended up paying &#36;2.89 million.<\/p>\n<p>ByteDance acquired Ohayoo, Nuverse, and PixDance last year, and launched Pixmain, its publishing arm, and Danjuan Games, a casual gaming platform, in addition to having recently won the bidding for Moonton against Tencent.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn-cf.ginx.tv\/imgcdn\/YC7FjK1ODqDy3MhXgdqoOn8U151yqSOQjNL1GlmuEck\/rs:fill:0:0:1\/g:ce\/aHR0cHM6Ly93d3cuZ2lueC50di91cGxvYWRzL3Bhc3RlZF9pbWFnZV8wLTQ5MS5wbmc\" alt=\"moonton bytedance\" width=\"600\" height=\"371\" loading=\"lazy\"><br \/><span style=\"font-size: 8pt;\">(Picture: Moonton)<\/span><\/p>\n<p>Considering how well established Mobile Legends: Bang Bang is in terms of its player base, this could be a great turning point for ByteDance, in its quest to be part of the casual and competitive video game market.<\/p>\n<ul>\n<li><strong>Read more: <a href=\"https:\/\/www.ginx.tv\/en\/league-of-legends\/league-of-legends-patch-v11-6-champion-and-items-changes-new-skins-and-more\">League of Legends patch v11.6: Champion and items changes, new skins, and more<\/a><\/strong><\/li>\n<\/ul>\n<p>With this, both companies will seek to further develop their presence in the industry with an unprecedented collaboration, in a market that has been dominated by games such as Honor of Kings and League of Legends: Wild Rift, both owned by Tencent and Riot Games, respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Social media giants ByteDance, TikTok&#8217;s parent company, has made official the acquisition of the Chinese developer studio, Moonton Technology, famous for developing the hit Mobile&#8230;<\/p>\n","protected":false},"author":1973,"featured_media":14045,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"tags":[],"class_list":["post-14044","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tiktok","genre-entertainment","content_type-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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