Written by Dante Uzel on 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
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