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Modern Times Group buys Plarium for $620M
Modern Times Group has agreed to buy Plarium, the maker of RPG Raid: Shadow Legends, from Aristocrat Leisure for $620 million. MTG is acquiring 100% of Plarium Global, a Tel Aviv, Israel-based game studio with a long history of success in mid-core mobile games. MTG said the acquisition will substantially improve its already strong cash flow […]
Plarium mixes well with MTG and the deal results in one of the strongest mid-core mobile gaming portfolios in the industry to power future organic growth, the companies said. They bring an exciting and highly successful portfolio of live games spearheaded by Raid: Shadow Legends, an exceptional evergreen mid-core IP, to our line-up. Raid: Shadow Legends is available on a cross-platform basis and Plarium has recently started collaborating with Chinese developer NetEase to launch the game in China and in key Asian markets in the future.
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