M&A News: TikTok Owner ByteDance Sells Gaming Unit Moonton to Saudi Arabia for $6B
Corroborated by 1 source from 1 publisher
middle_eastgeneral1d ago
TL;DR
According to finance.yahoo.com, tikTok owner ByteDance has reportedly sold its gaming unit Moonton to a Saudi Arabian peer for around $6 billion to fully focus its attention on AI.