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ByteDance Intensifies Video Game Competition Through C4games Acquisition: Reuters

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ByteDance Intensifies Video Game Competition Through C4games Acquisition: Reuters
  • TikTok and Douyin parent ByteDance’s gaming unit Nuverse has acquired C4games to intensify the video game business competition with Tencent Holdings Ltd (OTC: TCEHY), Reuters reports.
  • The financial terms of the transaction were not disclosed.
  • Nuverse agreed to acquire Shanghai’s gaming studio Moonton Technology in March.
  • Price action: TCEHY shares traded higher by 0.68% at $80.48 in the premarket session on the last check Wednesday.
 

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