Modern Times Group Acquires Plarium for $620 Million

The acquisition of the Raid: Shadow Legends developer is set to enhance MTG's gaming portfolio and cash flow.

MTG's purchase includes a fixed $620 million, with an additional potential $200 million based on Plarium's performance through 2028.
Plarium, known for its hit game Raid: Shadow Legends, generated $613 million in revenue over the past year.
The deal is expected to close in the first quarter of 2025, with MTG benefiting from Plarium's expertise in live-ops and monetization.
Plarium, originally acquired by Aristocrat in 2017, has a strong portfolio of mid-core mobile games that align well with MTG's strategic goals.
The acquisition will nearly double MTG's EBITDA and is projected to achieve annual sales exceeding $1.1 billion.