ByteDance to Leave Gaming

ByteDance to Leave Gaming

Business

27 November 2023 13:22

The parent company of TikTok, ByteDance announced that they will restructure Nuverse and retreat from the gaming industry. "We regularly review our businesses and make adjustments to centre on long-term strategic growth areas. Following a recent review, we've made the difficult decision to restructure our gaming business," the spokeperson said to Reuters.

The company is expected to lay off a significant portion of its staff. The reports also state that ByteDance aims to sell Moonton Technology the parent company of MLBB.

Tags: ByteDance

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ByteDance to Leave Gaming

Business

27 November 2023 13:22

Tags: ByteDance

The parent company of TikTok, ByteDance announced that they will restructure Nuverse and retreat from the gaming industry. "We regularly review our businesses and make adjustments to centre on long-term strategic growth areas. Following a recent review, we've made the difficult decision to restructure our gaming business," the spokeperson said to Reuters.

The company is expected to lay off a significant portion of its staff. The reports also state that ByteDance aims to sell Moonton Technology the parent company of MLBB.

Share:

Sources:

Report mistake   

Submit news   

Related news

View All

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Marvel Snap and Mobile Legends: Bang Bang were temporarily removed from availability in the United States over the weekend due...

Drama

Jan 20, 2025

Tencent Takes Over ByteDance Gaming Division

According to recent reports by Reuters, Tencent has acquired two video game divisions from ByteDance [[News/ByteDance to Leave Gaming|after ByteDance...

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Mar 15, 2024

ByteDance to Sell Games Division

The parent company of TikTok, ByteDance, has officially acknowledged ongoing discussions about the potential sale of its video games operations....

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ByteDance to Sell Moonton

According to recent reports, ByteDance is looking to sell Mobile Legends developer Moonton Technologies. The company is already in talks...

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Nov 15, 2023

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