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