Modern Times Group Acquires 70% of Snowprint Studios

Modern Times Group Acquires 70% of Snowprint Studios

Mergers and Acquisitions

11 October 2023 14:11

Modern Times Group announced the acquisition of a majority stake in Snowprint Studios. The Swedish mobile game studio is best known for Warhammer 40,000: Tacticus. The company aims to acquire the remaining 30% stake during 2025-2026.

MTG’s Group President and CEO Maria Redin stated “I am very excited to welcome all Snowprinters to our Gaming Village. They bring great experience in developing, launching and growing mobile games as well as the proven ability to work successfully with global entertainment IP owners like Games Workshop and the Warhammer 40,000 franchise. This will be an important addition to the group and resonates closely with our firm belief in the benefits of long-term, premium IPs. Snowprint fits perfectly in our portfolio. Warhammer 40,000: Tacticus is a fast-growing young game that has been proven to resonate both with players and media, thanks to an easy, fun onboarding journey and deep, rewarding gameplay."

The financial details of the deal were not revealed by Modern Times Group. The studio won The Pocket Gamer’s “Mobile Game of the Year” award with Warhammer 40,000: Tacticus in 2022.

Tags: Modern Times Group

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Modern Times Group Acquires 70% of Snowprint Studios

Mergers and Acquisitions

11 October 2023 14:11

Tags: Modern Times Group

Modern Times Group announced the acquisition of a majority stake in Snowprint Studios. The Swedish mobile game studio is best known for Warhammer 40,000: Tacticus. The company aims to acquire the remaining 30% stake during 2025-2026.

MTG’s Group President and CEO Maria Redin stated “I am very excited to welcome all Snowprinters to our Gaming Village. They bring great experience in developing, launching and growing mobile games as well as the proven ability to work successfully with global entertainment IP owners like Games Workshop and the Warhammer 40,000 franchise. This will be an important addition to the group and resonates closely with our firm belief in the benefits of long-term, premium IPs. Snowprint fits perfectly in our portfolio. Warhammer 40,000: Tacticus is a fast-growing young game that has been proven to resonate both with players and media, thanks to an easy, fun onboarding journey and deep, rewarding gameplay."

The financial details of the deal were not revealed by Modern Times Group. The studio won The Pocket Gamer’s “Mobile Game of the Year” award with Warhammer 40,000: Tacticus in 2022.

Share:

Sources:

Report mistake Submit news

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