MTG Completes $620m Acquisition of Raid: Shadow Legends Developer
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- MTG has finalized its $620 million acquisition of Raid: Shadow Legends developer Plarium.
- Aside from Plarium, MTG’s portfolio includes six other game developers.
- MTG can earn about $200 million on Plarium by 2028.
Modern Times Group (MTG) has officially closed its $620 million acquisition of Plarium, the developer behind the mobile game Raid: Shadow Legends.
MTG fully consolidates Plarium into its gaming portfolio, obliging to a deferred payment of $20 million set for 2026.
Reportedly, this deal could see MTG receiving an additional $30 million based on Raid: Shadow Legends’ performance in 2025 and another $170 million contingent on Plarium’s revenue by 2028.
MTG President and CEO Maria Redin emphasized the strategic significance of the acquisition: “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’s CEO, Schraga Mor, expressed excitement about joining forces with MTG, highlighting the company’s recent success and future potential: “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.”
Aside from Plarium, MTG’s business portfolio now includes InnoGames, Hutch, Ninja Kiwi, PlaySimple, Snowprint and VC Fund.
