* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, June 11, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    The Analyst Verdict: PENN Entertainment In The Eyes Of 7 Experts – Nasdaq

    7 Experts Reveal the Ultimate Verdict on PENN Entertainment

    3 Arts Entertainment Expands Into News With Acquisition of OManagement (Exclusive) – The Hollywood Reporter

    3 Arts Entertainment Expands Into News With Acquisition of OManagement (Exclusive) – The Hollywood Reporter

    Leading Proxy Advisory Firm Glass Lewis Recommends Shareholders Vote “FOR” Both of PENN Entertainment’s Director Nominees on the WHITE Proxy Card – Business Wire

    Glass Lewis Urges Shareholders to Support All PENN Entertainment Director Nominees on the WHITE Proxy Card

    Cisco Partners with Monumental Sports & Entertainment to Power New D.C. Arena – Cisco Newsroom

    Cisco Teams Up with Monumental Sports & Entertainment to Revolutionize the New D.C. Arena Experience

    Middle Eastern Entertainment Headlines at 5:49 a.m. GMT – Yahoo

    Exciting Updates from the Middle Eastern Entertainment Scene!

    Ceramic Dalmatian Entertainment is WLAF’s Business of the Week – WLAF

    Spotlight on Success: Ceramic Dalmatian Entertainment Shines as This Week’s Featured Business!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    6.12pm is the new 8pm – Go Technology – cgastrategy.com

    6.12pm is the new 8pm – Go Technology – cgastrategy.com

    Russian Scientists Develop Sub-Ångström Technology for Next-Gen Quantum Processors – The Quantum Insider

    Russian Scientists Pioneer Sub-Ångström Technology to Revolutionize Next-Gen Quantum Processors

    Study uncovers SiPore Technology’s capacity to regulate blood glucose levels – Nutraceutical Business Review

    Study uncovers SiPore Technology’s capacity to regulate blood glucose levels – Nutraceutical Business Review

    SunHydrogen Unveils Large Hydrogen Reactor in Houston – Fuel Cells Works

    SunHydrogen Launches Groundbreaking Large-Scale Hydrogen Reactor in Houston

    Technology, Labor Rights, and Political Power in Kenya and Across Africa – Tech Policy Press

    How Technology is Shaping Labor Rights and Political Power Across Africa

    Reeves to Announce £86 Billion for Science and Technology in Spending Review – Bloomberg

    Reeves Set to Unveil Groundbreaking £86 Billion Investment in Science and Technology!

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    The Analyst Verdict: PENN Entertainment In The Eyes Of 7 Experts – Nasdaq

    7 Experts Reveal the Ultimate Verdict on PENN Entertainment

    3 Arts Entertainment Expands Into News With Acquisition of OManagement (Exclusive) – The Hollywood Reporter

    3 Arts Entertainment Expands Into News With Acquisition of OManagement (Exclusive) – The Hollywood Reporter

    Leading Proxy Advisory Firm Glass Lewis Recommends Shareholders Vote “FOR” Both of PENN Entertainment’s Director Nominees on the WHITE Proxy Card – Business Wire

    Glass Lewis Urges Shareholders to Support All PENN Entertainment Director Nominees on the WHITE Proxy Card

    Cisco Partners with Monumental Sports & Entertainment to Power New D.C. Arena – Cisco Newsroom

    Cisco Teams Up with Monumental Sports & Entertainment to Revolutionize the New D.C. Arena Experience

    Middle Eastern Entertainment Headlines at 5:49 a.m. GMT – Yahoo

    Exciting Updates from the Middle Eastern Entertainment Scene!

    Ceramic Dalmatian Entertainment is WLAF’s Business of the Week – WLAF

    Spotlight on Success: Ceramic Dalmatian Entertainment Shines as This Week’s Featured Business!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    6.12pm is the new 8pm – Go Technology – cgastrategy.com

    6.12pm is the new 8pm – Go Technology – cgastrategy.com

    Russian Scientists Develop Sub-Ångström Technology for Next-Gen Quantum Processors – The Quantum Insider

    Russian Scientists Pioneer Sub-Ångström Technology to Revolutionize Next-Gen Quantum Processors

    Study uncovers SiPore Technology’s capacity to regulate blood glucose levels – Nutraceutical Business Review

    Study uncovers SiPore Technology’s capacity to regulate blood glucose levels – Nutraceutical Business Review

    SunHydrogen Unveils Large Hydrogen Reactor in Houston – Fuel Cells Works

    SunHydrogen Launches Groundbreaking Large-Scale Hydrogen Reactor in Houston

    Technology, Labor Rights, and Political Power in Kenya and Across Africa – Tech Policy Press

    How Technology is Shaping Labor Rights and Political Power Across Africa

    Reeves to Announce £86 Billion for Science and Technology in Spending Review – Bloomberg

    Reeves Set to Unveil Groundbreaking £86 Billion Investment in Science and Technology!

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Technology

ByteDance Seeks to Sell Moonton for $5 Billion

November 22, 2023
in Technology
ByteDance Seeks to Sell Moonton for $5 Billion
Share on FacebookShare on Twitter

ByteDance is seeking to sell its subsidiary game studio, Moonton, for a price not less than $5 billion, and has hired Goldman Sachs as a financial advisor to assist in finding and contacting potential buyers.

Two independent sources have revealed to Chinese media outlet Xuebao that Savvy Games Group (SGG), a subsidiary of the Saudi sovereign wealth fund PIF, is one of the potential buyers in this transaction. Currently, both parties have engaged in at least one round of discussions, but they have not yet reached a consensus on the transaction price.

ByteDance hopes to achieve a price that is higher than the $4 billion it paid when acquiring Moonton Technology two years ago. However, SGG believes that ByteDance’s price is too high given Moonton’s current performance.

Moonton was founded in 2014 in Shanghai. Its flagship product, “Mobile Legends: Bang Bang,” is the most popular MOBA (Multiplayer Online Battle Arena) game in the Southeast Asian market.

In 2021, ByteDance acquired Moonton Technology for $4 billion, and the two parties signed a four-year earn-out agreement. The agreement stipulated that a portion of the acquisition funds would be paid out in installments after Moonton Technology achieved certain performance targets. During this period, ByteDance was not allowed to excessively interfere with Moonton’s decision-making, and the founding team retained a high degree of autonomy.

Currently, it is not possible to accurately determine the situation of Moonton’s earn-out. ByteDance has declined to comment on this matter.

SEE ALSO: ByteDance Is Considering Selling A Game Studio Valued at $4 Billion

An informed source cited by Xuebao said that last year, Moonton failed to meet the performance targets set in their earn-out agreement. Two other insiders indicated that while the targets were relatively lenient, Moonton only barely achieved them. Over the past two years, the annual profit of Moonton has remained around $200 million, with no significant change in profitability.

An investor specializing in the gaming sector commented that “Bytedance was willing to acquire Moonton at a price exceeding 20 times its earnings ratio because of high expectations for business synergy and future growth potential between the two companies. However, Moonton’s current performance is far from Bytedance’s expectations.”

In the past two years, “Mobile Legends: Bang Bang” has maintained its dominant position in the Southeast Asian market. However, it has encountered difficulties in expanding into new markets. In regions like Europe and America, it often ranks below the top 100 on the iOS bestseller list. The domestic version in China only received its license in April this year and has not yet been launched.

The underwhelming performance of Moonton can be attributed, at least in part, to the failure in achieving the expected business synergy with Bytedance. A person close to Moonton’s CEO, Yuan Jing, told Xuebao that the earn-out agreement signed during the acquisition granted Moonton a degree of independent decision-making. However, this also hindered their ability to leverage Bytedance’s resources. For example, the internal settlement price Bytedance offered Moonton for game user acquisition did not have a significant advantage over market rates. In the past two years, the rising costs of user acquisition have also increased Moonton’s operational expenses.

As Bytedance shifted its business focus towards e-commerce and other areas, and with the emergence of major players in short drama productions and mini-games, Bytedance’s underperforming self-developed game business has inevitably become marginalized within the company.

Two industry insiders specializing in game mergers and acquisitions revealed that even if Tencent were to participate in the bidding, it’s unlikely they would pay a high premium for Moonton. “Tencent does not need another MOBA game to complement its product lineup.”

Sign up today for 5 free articles monthly!

Pandaily Substack subscribe

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Pandaily – https://pandaily.com/bytedance-seeks-to-sell-moonton-for-5-billion/

Tags: ByteDanceseekstechnology
Previous Post

Tesla Raises Price in China, Again

Next Post

Xiaomi Reveals Progress in Car Manufacturing: Second Winter Test Coming Soon

Researchers create AI-based tool that restores age-damaged artworks in hours – The Guardian

Revolutionary AI Tool Restores Age-Damaged Artworks in Just Hours

June 11, 2025
Summer-Ready Blue Lifestyle Sneakers – Trend Hunter

Step Into Summer with Stylish Blue Lifestyle Sneakers

June 11, 2025
USU supported $1.4 billion to the state economy in 2023, says new study – KSLTV.com

USU supported $1.4 billion to the state economy in 2023, says new study – KSLTV.com

June 11, 2025
SAG-AFTRA Suspends Strike Against Video Game Companies, Paving Way for Return to Work – Yahoo

SAG-AFTRA Ends Video Game Strike, Clearing the Path for Actors to Return to Work

June 11, 2025
Deion Sanders provides update amid speculation about his health: ‘I can assure you all that everything is OK’ – CBS Sports

Deion Sanders Sets the Record Straight: “I Can Assure You All That Everything Is OK

June 11, 2025
Trump plans to phase out FEMA, shift disaster management to states – Scripps News

Trump Calls for Phasing Out FEMA, Empowering States to Lead Disaster Management

June 11, 2025
6.12pm is the new 8pm – Go Technology – cgastrategy.com

6.12pm is the new 8pm – Go Technology – cgastrategy.com

June 11, 2025
Here are the 2025 Monroe County Sports Hall of Fame scholarship winners – The Herald-Times

Here are the 2025 Monroe County Sports Hall of Fame scholarship winners – The Herald-Times

June 11, 2025
Two major ecological shifts shaped 60 million years of ungulate faunal evolution – Nature

How Two Major Ecological Shifts Reshaped 60 Million Years of Ungulate Evolution

June 11, 2025
Letter: Cutting funding for science research will have far-reaching consequences – InForum

Letter: Cutting funding for science research will have far-reaching consequences – InForum

June 11, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (681)
  • Economy (696)
  • Entertainment (21,600)
  • General (15,331)
  • Health (9,737)
  • Lifestyle (700)
  • News (22,149)
  • People (696)
  • Politics (703)
  • Science (15,913)
  • Sports (21,197)
  • Technology (15,682)
  • World (680)

Recent News

Researchers create AI-based tool that restores age-damaged artworks in hours – The Guardian

Revolutionary AI Tool Restores Age-Damaged Artworks in Just Hours

June 11, 2025
Summer-Ready Blue Lifestyle Sneakers – Trend Hunter

Step Into Summer with Stylish Blue Lifestyle Sneakers

June 11, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version