Modern Times Group to Acquire Plarium

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News/Modern Times Group to Acquire Plarium
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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.

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Mtg3.png
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:Twitter.pngFacebook.pngInstagram.pngLinkedin.png
Sources:
Games Industry.png
Report mistake   Report-mistake-icon.png
Submit news   Submit-news-icon.png

Related News Icon Related news

View All
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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...

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NIP Group has announced a significant expansion into the cryptocurrency sector through the acquisition of Bitcoin mining assets from Fortune...

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