Modern Times Group buys Plarium for $620M
November 12, 2024 5:49 PM
Modern Times Group is acquiring Plarium.Image Credit: Plarium
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 generation. Of the $620 million, about $20 million will be deferred f...
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