TikTok’s owner ByteDance explores gaming asset sale with Tencent and others
ByteDance and TikTok
ByteDance, the parent company of popular social media platform TikTok on Tuesday, announced that it was engaging in discussions with potential buyers for its gaming assets, marking a move away from the gaming industry.
According to Reuters, Tencent, the world's largest video games company might be one of the potential suitors.
A ByteDance spokesperson cited by Reuters said that, while talks are ongoing, no conclusive deal has been reached yet.
ByteDance's gaming unit, Nuverse, is at the centre of these negotiations.
Notable titles such as "Crystal of Atland" and "Earth: Revival" are reportedly part of the discussions between ByteDance and Tencent, as reported by local media outlet LatePost.
The move comes as ByteDance continues its efforts to reallocate resources and focus on core business areas, having declared its intention to step back from the gaming sector back in November.
)
Cannes Film Festival 2026: Alia Bhatt blends Indian heritage with global glamour in stunning strapless gown
)
Inside India’s women’s rowing revolution: Science, sacrifice and the hunt for medals
&im=FitAndFill=(700,400))
36,000-pound thrust: 5 ways China's J-20 fighter jet's new engine can completely changes the aerial balance
&im=FitAndFill=(700,400))
Why defense analysts believe China’s Chengdu J-20 stealth fighter program has entered a dangerous new era
)
India raises gold, silver import duty. What does it mean for the buyers and falling rupee?
)
India's Green Mirage: Northeast is quietly losing its forest cover while India celebrates gains
&im=FitAndFill=(700,400))
'Night Vision': Why the USS Abraham Lincoln bans white flashlights on deck
)
‘Pursue your goals’: Indian-origin philanthropist pays off loans for entire graduating class in US
)
PM Modi’s WFH advisory: How IT companies and industry leaders are responding
&im=FitAndFill=(700,400))
‘Robotic warfare’: How the Chengdu J-20 can rewrite the rules of aerial combat
&im=FitAndFill=(700,400))
New OTT releases this week (May 11-17, 2026): Kartavya to Dhurandhar: The Revenge- 8 new movies and TV shows on Netflix, Prime Video and more
)
Saudi Arabia 'secretly' launched retaliatory airstrikes on Iran amid regional war escalation: Report
&im=FitAndFill=(700,400))
Cannes Film Festival 2026 day 1: Peter Jackson honoured, Alia Bhatt stuns in peach
)
What happened to Brandon Clarke? Memphis Grizzlies player passes way at 29
&im=FitAndFill=(700,400))
Xi-Trump summit: Will the meeting bring a resolution to the war with Iran & end Hormuz blockade?
&im=FitAndFill=(700,400))
4 captains who could be sacked after IPL 2026
&im=FitAndFill=(700,400))
Trump breaks silence on report of Pakistan allowing Iran spy aircraft at Nur Khan base amid mediation talks
)
Mulayam Singh Yadav's son and Akhilesh Yadav's step-brother Prateek Yadav passes away under unclear circumstances: Who was he
)
‘Travel Secrets of the World’s Elites’: How global icons, CEOs, and royals plan holidays
)
Antarctic cosmic dust proves Earth has been traversing through supernova debris for 80,000 years
)
Alia Bhatt meets F1 star Carlos Sainz Jr at Cannes 2026; fans react to the unexpected crossover | Watch
)
Who is Radhan Pandit? Astrolger who predicted Vijay's victory, appointed OSD to Tamil Nadu CM
&im=FitAndFill=(700,400))
'He is alive but...': Netanyahu issues BIG statement about Mojtaba Khamenei, his whereabouts; admits Israel and US failed to foresee Hormuz crisis
)
Sun unleashes M-class solar flare, auroras could light up Earth this week. Details
&im=FitAndFill=(700,400))
BrahMos vs Agni-V: How India’s tactical missile differs from its nuclear giant
&im=FitAndFill=(700,400))
7 reasons why China is mass-producing Chengdu J-20 stealth fighter jets faster than ever
Who won yesterday's IPL 2026 match between SunRisers Hyderabad vs Gujarat Titans? Check result
&im=FitAndFill=(700,400))
'Hydraulic Arms': How the USS Abraham Lincoln pops up its emergency net
&im=FitAndFill=(700,400))
'Sleep Deprived': How the USS Abraham Lincoln crew survives endless night operations
&im=FitAndFill=(700,400))
‘Not just chest pain’: 5 warning signs your body gives before a heart attack
&im=FitAndFill=(700,400))
Top 7 most economically stable countries in world: India & Pakistan ranking will surprise you
)
How did Marco Rubio, who’s under sanction by Beijing, get permission to travel to China for the first time?
)
'She never misses...’: Is Aishwarya Rai Bachchan attending Cannes 2026? Brand breaks silence
&im=FitAndFill=(700,400))
'Flight Deck Boots': Why USS Abraham Lincoln sailors wear extremely heavy shoes
)
In a statement, ByteDance emphasised its commitment to the strategic overhaul of Nuverse, clarifying that it would no longer pursue the gaming market actively.
Industry insiders revealed that the company has discontinued with the development of unreleased games and has aimed to divest from titles that have already been launched.
This shift follows five years of ByteDance's prominent presence in the global video games market, estimated to be worth $185 billion.
The gaming community has been closely watching ByteDance's move to sell Moonton, another gaming unit acquired in 2021, as reported by Reuters in November.
ByteDance's decision to divest itself of gaming assets indicates a shift in its corporate strategy, aligning with its renewed focus on key business areas.
As of now, potential buyers for Moonton remain undisclosed.
Notably, the relationship between ByteDance and Tencent has seen a positive turn after a period of intense competition.
The companies are now reportedly in talks for a potential deal, showcasing a shift from rivalry to collaboration.
This newfound cooperation is evident in Tencent's utilisation of ByteDance's advertising network to promote its latest game, "DreamStar," as reported by Reuters in December.
WATCH WION LIVE HERE