CWA vs. Bobby Kotick

CWA vs. Bobby Kotick

Drama

14 February 2025 13:30

Modern Times Group (MTG) has successfully completed its $620 million acquisition of Plarium from Aristocrat Leisure Limited, finalizing a deal that was initially signed in November 2024. As part of the agreement, $20 million will be deferred to 2026.

With the deal now closed, MTG will begin the process of onboarding Plarium and fully integrating it into the group.

The deal includes the potential for an earn-out of $30 million based on revenue from Raid: Shadow Legends in 2025, as well as a further $170 million contingent on Plarium's revenue in 2028.

More:Brawl Stars Esports Partner Programme Expands

"This transformative deal will enable us to realise our ambitions to become a leading European gaming group with one of the strongest portfolios of evergreen mid-core IPs in the world," said MTG President and CEO Maria Redin.

"The acquisition of Plarium is a major catalyst for our future growth. It provides us with a unique opportunity to accelerate our execution and strategic delivery. This deal brings together some of the best people in our industry, supported by the tech, tools, and knowledge we have across our group."

Plarium CEO Schraga Mor added, "We are thrilled to join MTG, a company that values Plarium's proven success in the mid-core and casual gaming sectors. Over the past year, we have returned to growth, setting new records and reinforcing our industry leadership – a reflection of our team's exceptional talent."

Tags: Activision

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CWA vs. Bobby Kotick

Drama

14 February 2025 13:30

Tags: Activision

Modern Times Group (MTG) has successfully completed its $620 million acquisition of Plarium from Aristocrat Leisure Limited, finalizing a deal that was initially signed in November 2024. As part of the agreement, $20 million will be deferred to 2026.

With the deal now closed, MTG will begin the process of onboarding Plarium and fully integrating it into the group.

The deal includes the potential for an earn-out of $30 million based on revenue from Raid: Shadow Legends in 2025, as well as a further $170 million contingent on Plarium's revenue in 2028.

More:Brawl Stars Esports Partner Programme Expands

"This transformative deal will enable us to realise our ambitions to become a leading European gaming group with one of the strongest portfolios of evergreen mid-core IPs in the world," said MTG President and CEO Maria Redin.

"The acquisition of Plarium is a major catalyst for our future growth. It provides us with a unique opportunity to accelerate our execution and strategic delivery. This deal brings together some of the best people in our industry, supported by the tech, tools, and knowledge we have across our group."

Plarium CEO Schraga Mor added, "We are thrilled to join MTG, a company that values Plarium's proven success in the mid-core and casual gaming sectors. Over the past year, we have returned to growth, setting new records and reinforcing our industry leadership – a reflection of our team's exceptional talent."

Share:

Sources:

Report mistake   

Submit news   

Related news

View All

Activision Donates Caldera Map for AI

Activision released an open-source data set from Call of Duty: Warzone's Caldera map for non-commercial use. The data, now available...

More

Jul 31, 2024

Activision Wins EngineOwning Lawsuit

Activision Blizzard won a lawsuit against EngineOwning in a federal court battle, securing a $14.4m judgment against Garnatz Enterprise...

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Activision to Lay off More People

According to recent reports, Activision Blizzard is said to be considering layoffs at its Irish office situated in Blackpool, Cork....

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The Competition and Markets Authority (CMA) in the UK has granted Microsoft the necessary approval to proceed with its acquisition...

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Activision announced an upcoming competition within Call of Duty Warzone, with $150k prize pool. The event will be produced by...

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