Crazy! TikTok Owner Acquires Moonton at Fantastic Price!
GridGames.ID – ByteDance as the parent company and owner of TikTok is reportedly in the process of finalizing the acquisition of the game studio Moonton.
Launching from Reuters.com, ByteDance disbursed funds worth 4 billion US Dollars or around Rp. 57.6 Trillion to acquire the game studio developer Mobile Legends.
ByteDance acquired game studio Moonton through the Nuverse video game unit to dive deeper into the video game business.
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If we pay attention, the funds that ByteDance disbursed to acquire Moonton are quite fantastic.
In fact, Moonton itself was only established in 2014 and is only 7 years old.
But on the other hand, Moonton also has considerable potential because the Mobile Legends game is selling well in the Southeast Asian region.
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So what is Moonton’s response to this acquisition? see the explanation on the next page.
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