According to Esports Insider’s calculations, around $4.06bn (~£2.9bn) of disclosed investment relating to esports was committed in March 2021. The majority of that money — an estimated $4bn — was used by Nuverse to acquire Moonton, the game developer behind Mobile Legends: Bang Bang — one of the hottest esports titles in the world.
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Chinese technology company and TikTok owner ByteDance has acquired Mobile Legends: Bang Bang developer and publisher Moonton.
The acquisition, which is believed to be valued to be around $4bn, has been made through ByteDance’s video games unit Nuverse, according to Reuters. It was also reported that Tencent had made a bid for the publisher which was subsequently matched by ByteDance.
Esports investment report, March 2021
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