ByteDance Weighs Sale of Gaming Studio Behind Mobile Legends

ByteDance Ltd. is considering selling gaming studio Shanghai Moonton Technology Co., people familiar with the matter said, as the TikTok owner looks to streamline its operation and focus on core businesses.

The startup is working with an adviser to gauge interest from potential buyers for the studio behind popular game Mobile Legends: Bang Bang, the people said. ByteDance acquired Moonton in 2021 at a valuation of about $4 billion, the people said.

Discussions are at an early stage and the deal size target couldn’t be immediately learned, according to the people, who asked not to be identified ...