Savvy Games Group, a games and esports company wholly owned by Saudi Arabia’s Public Investment Fund (PIF), is reportedly in talks with China’s ByteDance to buy its gaming studio, Shanghai Moonton Technology. The discussions revive ByteDance’s previously shelved plan to sell Shanghai Moonton Technology, the developer of Mobile Legends: Bang Bang and role-playing game Crystal of Atlan, […]Savvy Games Group, a games and esports company wholly owned by Saudi Arabia’s Public Investment Fund (PIF), is reportedly in talks with China’s ByteDance to buy its gaming studio, Shanghai Moonton Technology. The discussions revive ByteDance’s previously shelved plan to sell Shanghai Moonton Technology, the developer of Mobile Legends: Bang Bang and role-playing game Crystal of Atlan, […]
PIF’s Savvy in talks to buy TikTok owner’s game studio
- Savvy covets Moonton Technology
- Discussions revive sale plan
- ByteDance paid $4bn in 2021
Savvy Games Group, a games and esports company wholly owned by Saudi Arabia’s Public Investment Fund (PIF), is reportedly in talks with China’s ByteDance to buy its gaming studio, Shanghai Moonton Technology.
The discussions revive ByteDance’s previously shelved plan to sell Shanghai Moonton Technology, the developer of Mobile Legends: Bang Bang and role-playing game Crystal of Atlan, Bloomberg reported, quoting unidentified sources.
The talks are ongoing but may not result in a deal, the report said.
ByteDance, the owner of TikTok, acquired Moonton for nearly $4 billion in 2021.
Further reading:
- How Saudi Arabia became an esports superpower
- Saudi gaming company courts giants of Japan and South Korea
- PIF continues to trim stake in Japan’s Nintendo
Savvy Games, founded in 2021, is a major investor in global videogame companies, including Japan’s Nintendo. It agreed to acquire California-based Scopely, a mobile game developer, for $4.9 billion in 2023.
In September a group of investors led by PIF agreed to buy US videogame developer Electronic Arts for $55 billion.
Saudi Crown Prince Mohammed bin Salman laid out a SAR142 billion ($37.8 billion) strategy for Savvy Games Group in September 2022 to make the kingdom “the ultimate global hub for the games and esports sector by 2030”.
Market Opportunity
SQUID MEME Price(GAME)
$33.1405
$33.1405$33.1405
USD
SQUID MEME (GAME) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
WIF Price Prediction: Dogwifhat Targets $0.47 Breakout After Recent Whale Accumulation
The post WIF Price Prediction: Dogwifhat Targets $0.47 Breakout After Recent Whale Accumulation appeared on BitcoinEthereumNews.com. James Ding Jan 15, 2026
Share
BitcoinEthereumNews2026/01/16 06:53
Trading time: Tonight, the US GDP and the upcoming non-farm data will become the market focus. Institutions are bullish on BTC to $120,000 in the second quarter.
Daily market key data review and trend analysis, produced by PANews.
Share
PANews2025/04/30 13:50
IP Hits $11.75, HYPE Climbs to $55, BlockDAG Surpasses Both with $407M Presale Surge!
The post IP Hits $11.75, HYPE Climbs to $55, BlockDAG Surpasses Both with $407M Presale Surge! appeared on BitcoinEthereumNews.com. Crypto News 17 September 2025 | 18:00 Discover why BlockDAG’s upcoming Awakening Testnet launch makes it the best crypto to buy today as Story (IP) price jumps to $11.75 and Hyperliquid hits new highs. Recent crypto market numbers show strength but also some limits. The Story (IP) price jump has been sharp, fueled by big buybacks and speculation, yet critics point out that revenue still lags far behind its valuation. The Hyperliquid (HYPE) price looks solid around the mid-$50s after a new all-time high, but questions remain about sustainability once the hype around USDH proposals cools down. So the obvious question is: why chase coins that are either stretched thin or at risk of retracing when you could back a network that’s already proving itself on the ground? That’s where BlockDAG comes in. While other chains are stuck dealing with validator congestion or outages, BlockDAG’s upcoming Awakening Testnet will be stress-testing its EVM-compatible smart chain with real miners before listing. For anyone looking for the best crypto coin to buy, the choice between waiting on fixes or joining live progress feels like an easy one. BlockDAG: Smart Chain Running Before Launch Ethereum continues to wrestle with gas congestion, and Solana is still known for network freezes, yet BlockDAG is already showing a different picture. Its upcoming Awakening Testnet, set to launch on September 25, isn’t just a demo; it’s a live rollout where the chain’s base protocols are being stress-tested with miners connected globally. EVM compatibility is active, account abstraction is built in, and tools like updated vesting contracts and Stratum integration are already functional. Instead of waiting for fixes like other networks, BlockDAG is proving its infrastructure in real time. What makes this even more important is that the technology is operational before the coin even hits exchanges. That…
Share
BitcoinEthereumNews2025/09/18 00:32