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home / news releases / TOSBF - ByteDance acquires 'Red Alert' mobile game publisher C4games

TOSBF - ByteDance acquires 'Red Alert' mobile game publisher C4games

Toshiba Corp
ByteDance (BDNCE) gaming subsidiary Nuverse acquires Shanghai-based mobile game publisher C4games for undisclosed terms.C4 titles include popular titles Fangzhi Shaonü and Red Alert Online, the latter of which is a spinoff of EA's Command & Conquer that's distributed by Tencent ([[TCEHY]],[[TCTZF]]). C4 says it generates $31M in daily revenue.ByteDance entered the gaming space in 2019 with a title released through its Douyin app, which is China's version of TikTok. The company has built out its gaming ambitions through in-house development and acquisitions that include Mokun Technology and Shanghe Internet Technology.Last month, ByteDance acquired Chinese game studio Moonton Technology in a deal reportedly valued at around $4B. ByteDance is reportedly eyeing a U.S. or Hong Kong IPO for Douyin.

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ByteDance acquires 'Red Alert' mobile game publisher C4games
Stock Information
Company Name: Toshiba Corp
Stock Symbol: TOSBF
Market: OTC
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