Saudi Arabia Looks To Extend Death Grip Over Game Industry With New $6 Billion Acquisition

Saudi Arabia's Savvy Games Group is in advanced talks to acquire ByteDance's gaming subsidiary Moonton for $6-7 billion, with a deal announcement potentially coming in March. The acquisition would rank among the top 10 largest gaming deals in history and extends Saudi Arabia's mobile gaming consolidation strategy, which already includes purchases of Scopely ($4.9B in 2023) and Niantic ($3.5B in 2025).

Appeared in 2026-02-16.