ByteDance and Tencent discuss game cooperation and sales plans

News from this site on January 8, according to LatePost reports, ByteDance’s gaming unit Zhaoxiguangnian is negotiating with Tencent to sell multiple games. People close to the transaction revealed that the teams involved in the sale project were scattered in Shanghai, Shenzhen and other places. Chaoxi Guangnian has spent hundreds of millions of yuan developing these games, and this sale has been carried out at a substantial discount.

According to reports, the two games "Crystal Core" and "Planet Reboot" that have been launched by Zhaoxi Light Year are being bid for sale using valuation methods such as "rolling water × valuation multiplier". Due to the high price and the ongoing operating costs involved in the future, the final seller has not yet been determined.

The relevant person in charge of Zhaoxi Guangnian responded that the transaction with Tencent has not yet been finalized. In addition, the team is still negotiating with multiple buyers for the sale of the project.

The media also stated that Tencent Games is also discussing with Douyin to further expand cooperation in the game content ecology. Once the trip is completed, players will be able to see more Tencent game-related content on Douyin in the future.

According to previous reports on this site, In November last year, ByteDance officially announced that its game business will carry out large-scale operations in the near future. Shrink—— Games that have been launched and are performing well will be divorced while ensuring operations. Projects that have not yet been launched, except for a small number of innovative projects and related technology projects, will be shut down.

Zhaoxi Guangnian will make business and organizational adjustments, focusing on the exploration of innovative games and related technologies, while continuing to operate online products to protect the rights and interests of players.

Related reading:

"ByteDance Official Announcement: Large-scale contraction of game business, retaining some innovative game exploration"

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