ByteDance, parent company of TikTok, decides to withdraw from video games and plans to sell its assets to Tencent
, by Quentin
It seems that ByteDance, known for the TikTok application, wants to refocus its activities on its core business and is exploring the possibility of selling its video game assets.
The company is considering entering into an agreement with Tencent, the world leader in video games in terms of market share, to completely divest its game studios.
This would include the sale of games and development studios such as Nuverse, Moonton, DreamStar, Crystal of Atland and Earth: Revival.
Source: insider-gaming.com