Written by Dante Uzel on 14 February 2025 13:30
Source: Activision Blizzard
Modern Times Group (MTG) has successfully completed its $620 million acquisition of Plarium from Aristocrat Leisure Limited, finalizing a deal that was initially signed in November 2024. As part of the agreement, $20 million will be deferred to 2026.
With the deal now closed, MTG will begin the process of onboarding Plarium and fully integrating it into the group.
The deal includes the potential for an earn-out of $30 million based on revenue from Raid: Shadow Legends in 2025, as well as a further $170 million contingent on Plarium's revenue in 2028.
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"This transformative deal will enable us to realise our ambitions to become a leading European gaming group with one of the strongest portfolios of evergreen mid-core IPs in the world," said MTG President and CEO Maria Redin.
"The acquisition of Plarium is a major catalyst for our future growth. It provides us with a unique opportunity to accelerate our execution and strategic delivery. This deal brings together some of the best people in our industry, supported by the tech, tools, and knowledge we have across our group."
Plarium CEO Schraga Mor added, "We are thrilled to join MTG, a company that values Plarium's proven success in the mid-core and casual gaming sectors. Over the past year, we have returned to growth, setting new records and reinforcing our industry leadership – a reflection of our team's exceptional talent."
Tags: Activision
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