Industry News
China Grants Antitrust Clearance for Savvy Games Acquisition of Moonton
China's State Administration for Market Regulation granted unconditional antitrust approval for Saudi Arabia's Savvy Games Group to acquire video game developer Moonton from ByteDance. The transaction, agreed in March 2026, is valued at over $6 billion. The acquisition transfers ownership of the title Mobile Legends: Bang Bang to the Public Investment Fund subsidiary.
