MTG completes the first step of the acquisition of word games developer PlaySimple
STOCKHOLM, July 30, 2021 — Modern Times Group MTG AB (publ) (“MTG”) has completed the first step in the acquisition of the shares in word games developer PlaySimple, which was announced through a press release on 2 July 2021, and has acquired 77% of the shares in PlaySimple.Due to Indian foreign exchange regulations, the acquisition is carried out in two steps. MTG has now completed the first step and has acquired 77 % of the shares in PlaySimple against a consideration of approximately SEK 2,388 million (USD 277 million). The intention is to pay the remaining 23 % of the shares in