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ByteDance Moonton

TikTok owner (ByteDance) is buying Mobile Legends creators (Moonton) for $4 billion

ByteDance, the Chinese company behind popular social media app TikTok, will be buying the company that created the Mobile Legends: Bang Bang game.

In a surprise announcement on Monday, ByteDance announced that its video games unit Nuverse will be acquiring Shanghai-based Moonton Technology in a deal worth around $4 billion.

Mobile Legends wins Southeast Asia

Moonton’s Mobile Legends game has rose to prominence in recent years, becoming one of the most popular MOBA games in Southeast Asia.

It was reported that Tencent also made a bid to buy Moonton last week, but the deal was quickly matched by ByteDance.

“Through cross-team collaboration and drawing on lessons and insights from its own rapid growth, Moonton provides the strategic support needed to accelerate Nuverse’s global gaming offerings”

ByteDance said in a statement, declining to comment on the size of the acquisition
Mobile Legends Gameplay
Mobile Legends gameplay.

Tencent formerly sued Moonton

It is not surprising that Moonton would choose to partner up with ByteDance, considering the company (and its CEO) were previously sued by Tencent for allegedly “copying” League of Legends back in 2018.

This move will also allow ByteDance to compete directly with Tencent’s popular MOBA games Honor of Kings and League of Legends.

The good news for gamers is that Moonton will continue to operate independently from ByteDance even after the acquisition, and will continue improving the game.

Melissa Anne
I write about esports and mobile gaming. I play PUBG Mobile too. Reach out to me at melissaanne[@]megplay[dot]com if you have a story tip!