{"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\/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":"
Social media giants ByteDance, TikTok’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
According to <\/span>GamesIndustry.biz<\/span><\/a> and <\/span>Reuters<\/span><\/a>, this transaction was valued at $4 billion by Nuverse, the gaming subsidiary of ByteDance.<\/span><\/p>\n Despite this announcement, Moonton will continue to work independently, as it will provide the strategic support needed to accelerate Nuverse’s global gaming offerings.<\/p>\n 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 $2.89 million.<\/p>\n 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 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
(Picture: ByteDance)<\/span><\/p>\n
(Picture: Moonton)<\/span><\/p>\n