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

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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

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Modern Times Group announced the acquisition of a majority stake in Snowprint Studios. The Swedish mobile game studio...

Mergers and Acquisitions

Oct 11, 2023

GOG Sold for $25m

CD Projekt RED has sold its digital game store GOG to one of its original founders, Michał Kiciński, for 90.7...

Mergers and Acquisitions

Jan 05, 2026

DarkZero Esports Acquires NRG Assets

DarkZero Esports has acquired the esports assets of North American organisation NRG in a deal that marks a major shift...

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Bandai Namco has sold its subsidiary, Limbic Entertainment, to a private investor specializing in video games. This move is part...

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Dec 19, 2025

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