Tiktok Parent Company Bytedance Acquires Mobile Game Developer Moonton
In the wake of Microsoft’s acquisition of Bethesda, another major video game industry acquisition has just begun. ByteDance, the company behind TikTok, has announced that it is acquiring Mobile Legends developer Moonton as part of its Nuverse gaming division. The exact amount that ByteDance is paying to acquire Moonton is unknown, but the valuations of the company have estimated a cost of multiple billions of dollars. It’s unclear when the acquisition will be finalized....