TikTok Owner Bytedance Poised to Close ‘Marvel Snap’ Game Publisher Nuverse
Patrick Frater Asia Bureau Chief Bytedance, the unlisted Chinese tech giant that owns TikTok, is poised to slash part of its games operations, including Nuverse, which publishes ‘Marvel Snap,’ according to financial news sources. News was reported by Bloomberg, Reuters and other tech news providers The Information and The Verge on Monday that Bytedance will retreat from its mainstream video games operation with the loss of some 1,000 jobs. “We regularly review our businesses and make adjustments to centre on long-term strategic growth areas,” a ByteDance representative said in a statement sent to some media. “Following a recent review, we’ve made the difficult decision to restructure our gaming business.” Variety has also reached out to Bytedance for comment. Nuverse, the unit for most of Bytedance’s games, is understood to have told employees that it will halt nearly all games that have not yet launched.