MTG acquires leading word games developer PlaySimple and discloses pro forma figures for its gaming vertical
STOCKHOLM, July 2, 2021 – Modern Times Group MTG AB (publ) (“MTG”) today announces the acquisition of 100 % of PlaySimple, a leading word games developer from India. PlaySimple is a rapidly growing, highly profitable business and one of the global leaders in the attractive mobile word games genre. The up-front consideration amounts to approximately SEK 3,090 million (on a cash and debt free basis) and performance based earn-out payments amount to an expected value of SEK 1,287 million in aggregate. Since December 2020, MTG has with the acquisitions of Hutch, Ninja Kiwi and now PlaySimple