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ByteDance in talks to buy stake in mobile games firm CMGE: sources Julie Zhu , By Julie Zhu and Yingzhi Yang HONG KONG/BEIJING (Reuters) - China's ByteDance is in talks to buy into mobile games publisher CMGE Technology Group Ltd, four people with direct knowledge of the matter told Reuters, as the owner of short video app TikTok moves to strengthen its next pillar of growth. The deal would come as the gaming industry continues to benefit from COVID-19 pandemic countermeasures which have forced people to stay at home, boosting game downloads. ByteDance pl...

3 Min Read HONG KONG/BEIJING (Reuters) - China’s ByteDance is in talks to buy into mobile games publisher CMGE Technology Group Ltd, four people with direct knowledge of the matter told Reuters, as the owner of short video app TikTok moves to strengthen its next pillar of growth. FILE PHOTO: The ByteDance logo is seen in this illustration taken, Nov. 27, 2019. REUTERS/Dado Ruvic/Illustration/File Photo The deal would come as the gaming industry continues to benefit from COVID-19 pandemic countermeasures which have forced people to stay at home, boosting game downloads. ByteDance plans to bu...

ByteDance in Talks to Buy Stake in Mobile Games Company CMGE: Sources A successful transaction could make ByteDance CMGE's single largest shareholder. By Reuters | Updated: 22 December 2020 15:55 IST ByteDance has been relatively successful with casual mobile games that make money through advertising Highlights CMGE's second-largest intellectual property reserve in Chinese game firm ByteDance has a games division with around 2,000 employees China's ByteDance is in talks to buy into mobile games publisher CMGE Technology, four people with direct knowledge of t...