China Clears Savvy Games’ Over $6 Billion Acquisition of ByteDance Unit Moonton

China's market regulator has granted unconditional antitrust approval for Saudi Arabia's Savvy Games Group to acquire Shanghai-based video game studio Moonton from ByteDance. The transaction, agreed in March 2026 for over $6 billion, transfers ownership of Mobile Legends: Bang Bang to the PIF subsidiary.

Published November 10, 2026 Source: MLQ.ai

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中文 Chinese version
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China's market regulator has granted unconditional antitrust clearance for Saudi Arabia's Savvy Games Group to acquire video game studio Moonton from ByteDance. According to MLQ.ai, the regulatory review concluded on October 29 and was officially released on November 6, satisfying a critical closing condition.

ByteDance entered into a formal agreement in March 2026 to sell the Shanghai-based studio for more than $6 billion to Savvy Games Group, a subsidiary of Saudi Arabia's Public Investment Fund.

The completion of the acquisition marks ByteDance's full divestment from its core gaming assets. The transaction places Moonton's flagship title, Mobile Legends: Bang Bang, which has accumulated 1.5 billion global downloads, under the control of Savvy Games Group.