Tencent Takes Over ByteDance Gaming Division

Tencent Takes Over ByteDance Gaming Division

Business

15 March 2024 08:06

According to recent reports by Reuters, Tencent has acquired two video game divisions from ByteDance after ByteDance withdrew from the gaming industry last year. One studio, based in Shenzhen, is developing an action game, while the other studio, located in East China, is working on an anime game.

ByteDance announced their intentions to pull out of gaming industry last year. The company was recently in talks of the sale of its gaming division.

Tags: Tencent ByteDance

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Tencent Takes Over ByteDance Gaming Division

Business

15 March 2024 08:06

Tags: Tencent ByteDance

According to recent reports by Reuters, Tencent has acquired two video game divisions from ByteDance after ByteDance withdrew from the gaming industry last year. One studio, based in Shenzhen, is developing an action game, while the other studio, located in East China, is working on an anime game.

ByteDance announced their intentions to pull out of gaming industry last year. The company was recently in talks of the sale of its gaming division.

Share:

Sources:

Report mistake   

Submit news   

Related news

View All

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Mar 28, 2025

Tencent Acquires More Shares of Kadokawa

Tencent Holdings has reportedly increased its stake in Kadokawa, the parent company of FromSoftware. On Monday, the Chinese tech giant...

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Mar 05, 2025

TikTok Ban Removes Games from US Market

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

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Tencent Targeted by U.S. Department of Defense

The U.S. Department of Defense has added Tencent, the social media and gaming giant, and CATL, the world’s largest battery...

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