TikTok maker ByteDance is restructuring its video game business to deliver “long-term strategic growth.”
Reuters is reporting the Chinese company plans to shut down its Nuverse gaming brand and exit the mainstream game market.
Nuverse is the parent company of studios including Mobile Legends: Bang Bang developer Moonton and Houchi Shoujo maker C4Games. It has also published globally recognized titles like Marvel Snap and Warhammer 40,000: Lost Crusade.
Four sources familiar with the company’s plans claim ByteDance will soon end development on any unreleased titles and look for ways to divest projects that have already launched.
They suggested hundreds of workers will be impacted by the decision to wind down Nuverse and indicated ByteD…
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