ByteDance to Leave Gaming

From TwogPedia
News/ByteDance to Leave Gaming /
Revision as of 14:00, 27 November 2023 by Andura (talk | contribs) (Created page with "{{News |seo_title=ByteDance to Leave Gaming |seo_keywords=ByteDance |image=Bytedance.png |tags=ByteDance |date=2023-11-27T13:22:12.000Z |sources={{NewsSource |source=Reuters |url=https://www.reuters.com/technology/bytedance-wind-down-gaming-brand-nuverse-full-retreat-gaming-sources-2023-11-27/ |article=News/ByteDance to Leave Gaming }} |author=Andura |category=Business |content=The parent company of TikTok, ByteDance announced that they will restructure Nuverse and retre...")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Bytedance.png
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
Share:Twitter.pngFacebook.pngInstagram.pngLinkedin.png
Sources:
Reuters.png
Report mistake   Report-mistake-icon.png
Submit news   Submit-news-icon.png

Related News Icon Related news

View All
News Image
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...

Drama

Jan 20, 2025

News Image
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...

Business

Mar 15, 2024

News Image
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....

Business

Jan 09, 2024

News Image
ByteDance to Sell Moonton

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

Business

Nov 15, 2023

News Image
Valnet Acquires Polygon

Polygon, one of the most prominent video game and pop culture websites of the last decade, has been acquired by...

Business

May 02, 2025


Bytedance.png
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:Twitter.pngFacebook.pngInstagram.pngLinkedin.png
Sources:
Reuters.png
Report mistake   Report-mistake-icon.png
Submit news   Submit-news-icon.png

Related News Icon Related news

View All
News Image
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...

Drama

Jan 20, 2025

News Image
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...

Business

Mar 15, 2024

News Image
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....

Business

Jan 09, 2024

News Image
ByteDance to Sell Moonton

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

Business

Nov 15, 2023

News Image
Valnet Acquires Polygon

Polygon, one of the most prominent video game and pop culture websites of the last decade, has been acquired by...

Business

May 02, 2025

Retrieved from "https://staging.twogpedia.com/index.php?title=News/ByteDance_to_Leave_Gaming&oldid=8646"