ByteDance in Talks to Sell Gaming Assets, Tencent Among Potential Buyers

The TikTok parent company's gaming unit, Nuverse, has struggled to turn a profit, prompting a potential sale of assets including popular games Crystal of Atlan and Earth: Revival.

ByteDance, the parent company of TikTok, is in talks with multiple potential buyers, including Tencent, to sell its gaming assets.
ByteDance's gaming unit, Nuverse, is known for publishing games such as Crystal of Atlan and Earth: Revival.
ByteDance has been reducing the scope of its gaming operations, including making two rounds of layoffs in 2022.
Despite its success with TikTok, ByteDance has struggled to achieve returns from its gaming investments, with less than 1% of its revenue in the first half of 2023 coming from the gaming business.
Marvel Snap, a popular game published by Nuverse, will continue to be independently developed and supported by Second Dinner, despite ByteDance's restructuring.

South China Morning Post

CNA