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[QUOTE="Queen, post: 88578, member: 27"]
Savvy just dropped over six billion dollars to snatch up Mobile Legends from ByteDance, securing the crown jewel of Southeast Asian esports for the Saudi empire.

Acquisition Details
[LIST]
[*]Savvy Games Group signed a definitive deal to buy MOONTON Games for more than $6 billion.
[*]The purchase price makes it one of the largest mobile gaming and esports acquisitions ever.
[*]ByteDance and Savvy are waiting on standard regulatory approvals to close the transaction.
[*]Zhang Yunfan stays on as CEO with the existing management team keeping their roles.
[/LIST]
Mobile Legends Empire
[LIST]
[*]MOONTON’s flagship title Mobile Legends: Bang Bang boasts over 1.5 billion total installs.
[*]The game pulls in more than 110 million monthly active users worldwide.
[*]It ranks as a top 10 mobile game across multiple global markets.
[*]MLBB’s esports scene is one of the most-watched globally, especially in Southeast Asia.
[/LIST]
Savvy’s Grand Strategy
[LIST]
[*]The acquisition targets the high-growth Asian market after Savvy’s 2023 Hero Esports investment.
[*]PIF-backed Savvy already owns ESL FACEIT Group and funds the Esports World Cup.
[*]MLBB was the most-watched title at EWC and the only one with a women’s competition.
[*]This move secures a key IP for Savvy’s EWC and Esports Nations Cup initiatives.
[/LIST]
[/QUOTE]

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