TikTok owner ByteDance in talks with Tencent, others to sell gaming assets
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TikTok owner ByteDance is in talks with prospective buyers, including Tencent, to sell its gaming assets. ByteDance plans to retreat from the gaming industry and focus on other core businesses. No deal has been reached yet. ByteDance's Nuverse gaming unit is discussing a potential deal with Tencent involving popular video games. ByteDance had previously announced plans to divest its gaming unit Moonton. The relationship between ByteDance and Tencent in gaming has improved after a period of competition.
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