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Gaming Studio sells for over $6B
Posted on 3/21/26 at 7:41 am
Posted on 3/21/26 at 7:41 am
quote:
ByteDance has struck a deal to sell its gaming studio Moonton to Savvy Games Group, a Saudi gaming company owned by the country’s sovereign wealth fund, for more than US$6 billion, according to information from the two sides on Friday.
Moonton, known for the popular online battle title Mobile Legends: Bang Bang, recently signed an agreement to sell to Savvy, owned by Saudi Arabia’s Public Investment Fund, Moonton CEO Zhang Yunfan said in an internal memo on Thursday seen by the South China Morning Post.
Crazy that a mobile game studio sold for more than Bungie ($3.6B.)
4
Posted on 3/21/26 at 7:44 am to bad93ex
saudi's just throwing money around
Posted on 3/21/26 at 9:29 am to bad93ex
quote:
Crazy that a mobile game studio sold for more than Bungie ($3.6B.)
It’s actually not crazy. Have you seen the money the top mobile games print? They’re by far the most profitable form of gaming.
Posted on 3/21/26 at 12:30 pm to bad93ex
Its easy to spend more in a few hours on mobile than you spend on an entire play cycle of a AAA title, and there are people who spend 1000+ a day on mobile games. Your standard daily deals run $50-150, plus weekly and monthly, limited time deals, milestone deals, and event deals.
All packed into the format of team based work together to be the best while also highlighting individual leaderboards so people want to be the best.
It's casino gambling on steroids, the thrill of victory is just a micro away.
All packed into the format of team based work together to be the best while also highlighting individual leaderboards so people want to be the best.
It's casino gambling on steroids, the thrill of victory is just a micro away.
Posted on 3/21/26 at 2:44 pm to bad93ex
I guess the Saudis are going to own everything before long
Posted on 3/21/26 at 2:58 pm to Gusoline
quote:
there are people who spend 1000+ a day
365K a year, prolly not.
Posted on 3/21/26 at 8:45 pm to Gusoline
quote:
the thrill of victory is just a micro away.
I despise this. I try to search for iOS time management games, and nothing is available for a one time purchase of 6.99 like it used to be (Airport Tycoon, Diner Dash, etc.) The entire iosgaming reddit thread from two years ago has seven whole responses.
Posted on 3/21/26 at 11:30 pm to Gusoline
quote:
there are people who spend 1000+ a day on mobile games.
I’m calling BS on this.
Posted on 3/22/26 at 3:06 am to Gusoline
quote:
Its easy to spend more in a few hours on mobile than you spend on an entire play cycle of a AAA title, and there are people who spend 1000+ a day on mobile games.
Maybe if you’re a moron
Posted on 3/22/26 at 9:24 am to Josh Fenderman
quote:
Maybe if you’re a moron
Or have FU money and no life, though not mutually exclusive.
If I had FU money I would be
NSFW LANGUAGE
Posted on 3/24/26 at 1:11 am to Gusoline
quote:
there are people who spend 1000+ a day on mobile games
frick those people. They’re the reason why the industry is trash now.
Posted on 3/24/26 at 4:37 pm to CollegeFBRules
quote:
I’m calling BS on this.
They sadly exist. They call them the white whales. South Park actually did an episode on this.
Posted on 3/24/26 at 7:30 pm to DoomGuy504
quote:
They sadly exist.
Unless you are Saudi there isn't anyone spending 365K a year on mobile games.
Posted on 3/24/26 at 7:34 pm to travelgamer
Well yea but I don't think he was being literal. There are some people who have spent thousands on fortnite lol.
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