ByteDance reportedly pulling out of games following Nuverse restructure

TikTok owner ByteDance is reportedly leaving the games industry following a restructure.

The Chinese technology firm told Reuters that it has decided to restructure its gaming arm, Nuverse.

"We regularly review our businesses and make adjustments to centre on long-term strategic growth areas," a spokesperson said. "Following a recent review, we've made the difficult decision to restructure our gaming business."

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