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

Scopely Acquires Majority Stake in Loom Games, Developer Behind 10 Million Player Mobile Hit Pixel Flow

TL;DR

• Scopely has acquired an undisclosed majority stake in Loom Games, the Istanbul-based mobile studio behind hybrid casual puzzle game...

  Mergers and Acquisitions

  Feb 20, 2026

RTS Takes Full Ownership of Evo as Qiddiya City Completes Fighting Game Tournament Takeover

TL;DR

• Qiddiya City-owned esports company RTS has completed a full acquisition of the Evolution Championship Series (Evo), with both Sony...

  Mergers and Acquisitions

  Feb 20, 2026

Savvy Games Will Acquire Moonton Technology

TL;DR

• ByteDance nears Moonton sale to Saudi-backed Savvy.
• Deal valued at $6-7 billion, could close soon.
• This marks ByteDance's big...

  Mergers and Acquisitions

  Feb 17, 2026

Mattel Will Acquire Mattel163

TL;DR

Mattel will acquire full ownership of mobile game developer Mattel163 in a deal valued at $318 million.

The toy...

Mergers and Acquisitions

Feb 11, 2026

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

Scopely Acquires Majority Stake in Loom Games, Developer Behind 10 Million Player Mobile Hit Pixel Flow

TL;DR

• Scopely has acquired an undisclosed majority stake in Loom Games, the Istanbul-based mobile studio behind hybrid casual puzzle game...

  Mergers and Acquisitions

  Feb 20, 2026

RTS Takes Full Ownership of Evo as Qiddiya City Completes Fighting Game Tournament Takeover

TL;DR

• Qiddiya City-owned esports company RTS has completed a full acquisition of the Evolution Championship Series (Evo), with both Sony...

  Mergers and Acquisitions

  Feb 20, 2026

Savvy Games Will Acquire Moonton Technology

TL;DR

• ByteDance nears Moonton sale to Saudi-backed Savvy.
• Deal valued at $6-7 billion, could close soon.
• This marks ByteDance's big...

  Mergers and Acquisitions

  Feb 17, 2026

Mattel Will Acquire Mattel163

TL;DR

Mattel will acquire full ownership of mobile game developer Mattel163 in a deal valued at $318 million.

The toy...

Mergers and Acquisitions

Feb 11, 2026