Editing News/Modern Times Group to Acquire Plarium

{{News
|seo_title=Modern Times Group to Acquire Plarium
|seo_keywords=Modern Times Group
|image=Mtg3.png
|tags=Modern Times Group
|date=2024-11-12T22:29:53.000Z
|sources={{NewsSource
|source=Games Industry
|url=https://www.gamesindustry.biz/modern-times-group-to-acquire-plarium-for-620m
|article=News/Modern Times Group to Acquire Plarium
}}
|author=Andura
|category=Mergers and Acquisitions
|content=[[Companies/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.
}}
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