Sources: ByteDance close to major
Photo: Ng Han Guan AP/TT

Sources: ByteDance close to major Saudi deal for gaming unit

Chinese TikTok owner ByteDance is in talks over a possible sale of its gaming unit, Shanghai Moonton Technology, to Saudi Arabia's Savvy Games Group, Reuters reports, citing sources.

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An initial agreement in principle is expected to be finalized, according to the news agency, whose sources say the deal - which could take place as early as the first quarter of this year - may be worth $6-7 billion.

Shanghai Moonton Technology was behind the game "Mobile Legends: Bang Bang," among other titles. ByteDance bought the company for about $4 billion five years ago.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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