Based on information from individuals well-informed about the situation, the prominent gaming behemoth from Saudi Arabia, Savvy Games Group, has initiated communication with ByteDance. The purpose of this contact is to engage in discussions regarding the potential acquisition of Shanghai Moonton Technology, a subsidiary that is entirely owned by ByteDance. At present, both entities are actively involved in the negotiation process. However, the outcome remains uncertain, and it is still unclear whether the two sides will ultimately strike a deal.
