فريق إنت عربي
Savvy Games Group to acquire Moonton in a $6 billion deal to boost Saudi Arabia’s gaming sector
- The acquisition aims to accelerate Savvy’s growth and expand its operations in the gaming industry
- The deal is valued at approximately $6 billion and aims to accelerate Savvy’s growth and expansion
Savvy Games Group, a subsidiary of Saudi Arabia’s Public Investment Fund (PIF), is set to acquire Moonton, the developer of Mobile Legends: Bang Bang, from ByteDance, in a move to strengthen its presence in the mobile gaming market.
The acquisition is expected to support Savvy’s expansion in the mobile gaming sector while reinforcing its position in the esports industry.
According to sources cited by Bloomberg, the deal is valued at around $6 billion and is expected to be finalized in the coming period.
Savvy plans to retain Moonton’s current management team while offering incentives to employees to ensure business continuity.
