Savvy Games Group has successfully reached an agreement to acquire Moonton, the renowned studio behind the popular game Mobile Legends, from the technology giant ByteDance. This significant transaction is reportedly valued at approximately six billion dollars, marking another strategic move by the Saudi-owned entity to solidify its presence in the global gaming industry.
Following days of rumors and advanced negotiations, Savvy Games is expected to finalize this substantial acquisition in the near future. This deal aligns with the group’s ongoing strategy of expanding its portfolio by integrating various companies within the gaming sector over recent years.
To ensure operational continuity and maintain creative independence, Moonton’s current management team will remain in place. Furthermore, plans are underway for employee incentive programs designed to stabilize the workforce and safeguard existing projects currently under development.
According to Brian Ward, CEO of Savvy Games, this acquisition represents a crucial step in strengthening the company’s mobile gaming division and significantly broadening its footprint within the competitive esports landscape.
Expanding Influence in the Global Gaming Market
It is important to note that Savvy Games, which is owned by the Saudi Public Investment Fund (PIF), has been associated with other major investments in the gaming industry. This includes its involvement with Electronic Arts in a deal reportedly valued at $55 billion, an operation widely considered one of the most ambitious undertaken by the fund to date.
The PIF currently holds substantial stakes in numerous leading gaming companies worldwide. Its diverse portfolio includes prominent names such as Nintendo, Capcom, Nexon, Take-Two, Activision Blizzard, and Koei Tecmo, underscoring its rapidly growing influence across the global entertainment sector.