ByteDance Reportedly Plans to Sell Gaming Unit Moonton Technology

Potential Sale Comes Amid Downsizing of Gaming Operations and Ongoing Legal Dispute

ByteDance, the owner of TikTok, is reportedly considering selling its gaming unit, Moonton Technology.
ByteDance acquired Moonton, the developer of the popular mobile game 'Mobile Legends: Bang Bang', two years ago in a deal that valued the studio at $4 billion.
The potential sale comes as ByteDance appears to be downsizing its gaming operations, with significant job cuts reported in the past year.
Moonton is currently involved in a legal dispute with Riot Games, which claims 'Mobile Legends: Bang Bang' is a copy of its game 'League of Legends'.
ByteDance's move to sell Moonton may indicate a shift in focus towards its core social media and e-commerce businesses.