Modern Times Group buys Plarium for $620M

Source: Venture Beat

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 generat…



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