ByteDance’s sale of Moonton to Saudi Arabia’s Savvy clears Chinese antitrust review
China’s market regulator disclosed on November 6 that it had unconditionally approved Saudi Arabia’s Savvy Games Group’s acquisition of Moonton from ByteDance. The regulator concluded its review on October 29. Moonton develops Mobile Legends: Bang Bang, a mobile multiplayer game with a large following in Southeast Asia. Skadden, ByteDance’s legal adviser on the sale, said […]
China’s market regulator disclosed on November 6 that it had unconditionally approved Saudi Arabia’s Savvy Games Group’s acquisition of Moonton from ByteDance. The regulator concluded its review on October 29.
Moonton develops Mobile Legends: Bang Bang, a mobile multiplayer game with a large following in Southeast Asia. Skadden, ByteDance’s legal adviser on the sale, said the reported purchase price exceeded $6 billion. The Chinese approval clears one of the regulatory steps toward closing. [TechNode reporting]
