MTG acquires PlaySimple in $510m deal

Originally published on GamesIndustry.biz by James Batchelor

Indian word game developer is group’s third gaming acquisition since December

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Modern Times Group has acquired India-based mobile studio PlaySimple in a deal worth well over $500 million.

The upfront consideration amounts to SEK 3.09 billion ($359.6 million), currently planned to be paid as 77% cash and 23% MTG class B shares.

However, with performance-based earnout payments of up to SEK 1.29 billion ($149.8 million), the acquisition becomes worth $509.4 million.

MTG says the deal will “significantly strengthen” its position in both the casual games space and with a female gaming audience, give it access to the growing word games genre, and

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