MTG acquires Snowprint Studios, the studio behind new mobile hit Warhammer 40,000: Tacticus
Modern Times Group MTG AB (publ) (“MTG”) today announced that it has acquired a 70% majority stake in Swedish mobile game development studio Snowprint Studios. The deal is made on a cash and debt free basis, for a cash consideration which will reflect an 1.8x multiple of 2023 revenues for Warhammer 40,000: Tacticus. Snowprint is the studio behind the success of Warhammer 40,000: Tacticus, a fast-growing mobile game based on Warhammer 40,000, a global gaming IP that engages millions of fans around the world, owned by Games Workshop. The game was launched in 2022 and has quickly grown to be