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ByteDance is in advanced talks to sell Shanghai Moonton Technology, the studio behind the popular mobile game Mobile Legends: Bang Bang, to Saudi Arabia's Savvy Games Group in a deal valued at between $6 billion and $7 billion, sources said.
Full acquisition will "significantly enhance Mattel's capabilities in self-publishing," says Mattel CEO and chairman
The Memorandum of Understanding will formalise links between Savvy Games Group and NEOM, both of which are backed by sovereign wealth fund, PIF.
