Modern Times Group to Acquire Plarium

Modern Times Group to Acquire Plarium

Mergers and Acquisitions

12 November 2024 22:29

Modern Times Group (MTG) has announced its acquisition of Raid: Shadow Legends developer Plarium from Aristocrat Leisure Limited for $620 million, with $20 million deferred until 2026. The deal is expected to close in Q1 2025.

The acquisition is expected to boost MTG’s total annual sales to over SEK 12 billion ($1.1 billion), according to the announcement.

MTG's CEO Maria Redin commented: "[Plarium] brings an exciting and highly successful portfolio of live games spearheaded by Raid: Shadow Legends, an exceptional evergreen mid-core IP, to our line-up. The studio also has three additional strong live games, and an exciting new games pipeline in both the mid-core and the casual segments, which creates healthy optionality for future growth."

Plarium’s strong user acquisition and monetization capabilities were also key factors in the acquisition decision.

Tags: Modern Times Group

Share:

Sources:

Report mistake   

Submit news   

Related news

View All

Modern Times Group Acquires 70% of Snowprint Studios

Modern Times Group announced the acquisition of a majority stake in Snowprint Studios. The Swedish mobile game studio...

Mergers and Acquisitions

Oct 11, 2023

KRAFTON Acquires Stake in Nautilus Mobile

Krafton has acquired a controlling stake in Indian gaming studio Nautilus Mobile for $14 million. The all-cash deal, confirmed at the...

Mergers and Acquisitions

Apr 02, 2025

DoubleU Games Finalizes Paxie Acquisition

DoubleU Games, the South Korean gaming giant, has successfully completed its acquisition of Paxie Games, a Turkish game developer, for...

Mergers and Acquisitions

Mar 27, 2025

Niantic Acquired by Scopely

Niantic, the developer behind Pokémon Go, has reached an agreement to be acquired by Scopely, a subsidiary of the Saudi...

Mergers and Acquisitions

Mar 13, 2025

Envy Gaming Merger with Native Gaming Announced

Envy Gaming has announced its merger with esports organization Native Gaming, just two months after Envy was re-acquired by...

Mergers and Acquisitions

Mar 12, 2025

Modern Times Group to Acquire Plarium

Mergers and Acquisitions

12 November 2024 22:29

Tags: Modern Times Group

Modern Times Group (MTG) has announced its acquisition of Raid: Shadow Legends developer Plarium from Aristocrat Leisure Limited for $620 million, with $20 million deferred until 2026. The deal is expected to close in Q1 2025.

The acquisition is expected to boost MTG’s total annual sales to over SEK 12 billion ($1.1 billion), according to the announcement.

MTG's CEO Maria Redin commented: "[Plarium] brings an exciting and highly successful portfolio of live games spearheaded by Raid: Shadow Legends, an exceptional evergreen mid-core IP, to our line-up. The studio also has three additional strong live games, and an exciting new games pipeline in both the mid-core and the casual segments, which creates healthy optionality for future growth."

Plarium’s strong user acquisition and monetization capabilities were also key factors in the acquisition decision.

Share:

Sources:

Report mistake   

Submit news   

Related news

View All

Modern Times Group Acquires 70% of Snowprint Studios

Modern Times Group announced the acquisition of a majority stake in Snowprint Studios. The Swedish mobile game studio...

Mergers and Acquisitions

Oct 11, 2023

KRAFTON Acquires Stake in Nautilus Mobile

Krafton has acquired a controlling stake in Indian gaming studio Nautilus Mobile for $14 million. The all-cash deal, confirmed at the...

Mergers and Acquisitions

Apr 02, 2025

DoubleU Games Finalizes Paxie Acquisition

DoubleU Games, the South Korean gaming giant, has successfully completed its acquisition of Paxie Games, a Turkish game developer, for...

Mergers and Acquisitions

Mar 27, 2025

Niantic Acquired by Scopely

Niantic, the developer behind Pokémon Go, has reached an agreement to be acquired by Scopely, a subsidiary of the Saudi...

Mergers and Acquisitions

Mar 13, 2025

Envy Gaming Merger with Native Gaming Announced

Envy Gaming has announced its merger with esports organization Native Gaming, just two months after Envy was re-acquired by...

Mergers and Acquisitions

Mar 12, 2025