TikTok owner ByteDance in talks to sell gaming arm, says spokesperson


The development comes after ByteDance made sweeping reductions to its gaming division last November, including a round of layoffs cutting hundreds of jobs. — Reuters

BEIJING: TikTok owner ByteDance is in talks with buyers including Chinese tech giant Tencent to sell its gaming arm, a company spokesperson said Jan 9, as it seeks to shed once-promising assets in the highly competitive sector.

The discussions would see the firm sell Nuverse, a video game publisher that is a subsidiary of Beijing-based ByteDance.

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