The Times of Esports
No Result
View All Result
  • Home
  • Latest News
  • Reviews
  • Business
  • Features
  • How To
  • Markets
    • APAC
    • India
    • USA
  • Tools
  • Home
  • Latest News
  • Reviews
  • Business
  • Features
  • How To
  • Markets
    • APAC
    • India
    • USA
  • Tools
No Result
View All Result
The Times of Esports
No Result
View All Result
Home Business

Swedish gaming giant MTG has acquired a 100% stake in Bengaluru-based word games developer PlaySimple

The Times of Esports Staff by The Times of Esports Staff
2021-07-13
Reading Time: 4 mins read
0
2229ba6369a61fcd3e8d77f32d666dd4
0
SHARES
72
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

RELATED POSTS

PlayStation 5 shortage over, says Sony

PlayStation 5 shortage over, says Sony

2023-01-06
Elden Ring has the most Game of the Year awards to date

Elden Ring has the most Game of the Year awards to date

2023-01-06
STEAMAWARDS2022 SOC MEDIA

Steam Awards 2022: Here’s a complete list of winners

2023-01-06

Qlan The Social gaming Platform

2023-01-05

Swedish gaming company Modern Times Group (MTG) has announced its acquisition of leading Indian word games developer PlaySimple. MTG has acquired a 100% stake in PlaySimple for a whopping $360 million. A couple of months ago, MTG acquired Hutch and video game developer Ninja Kiwi and now with PlaySimple, they are increasing their influence in the gaming sector even further.

“The acquisition of PlaySimple marks an important next step in the build-up of a diversified gaming vertical with high-quality gaming companies and is in line with MTG’s strategy to drive value creation through organic growth and strategic M&A,” the company said in its release. Through this acquisition, MTG will gain access to the massive mobile gaming audience of the country.

We’ve just now announced the acquisition of PlaySimple, a leader in the word games genre globally and one of the most exciting Indian-born game developers of late.
Read the full press release here:https://t.co/0OmtvEsW4C #gaming #playsimple #mtg pic.twitter.com/SIOtIEeNC4

— Modern Times Group (MTG) (@MTGAB) July 2, 2021

Commenting on the acquisition, MTG’s Group President and CEO Maria Redin said “We’re very happy to welcome PlaySimple to our family of gaming companies. PlaySimple is a rapidly growing and highly profitable games studio that quickly has established itself as one of the leading global developers of free-to-play word games, an exciting new genre for MTG. An experienced management team and focused, data driven operating model has allowed PlaySimple to develop multiple game hits especially popular with the growing global audience of female gamers.”

PlaySimple has developed popular mobile games like Daily Themed Crossword, Word Trip, Word Jam, and Word Wars. They also have four new games scheduled to release later this year. PlaySimple’s co-founder and CEO Siddharth Jain said “We’re delighted to join the MTG family – MTG’s approach to investments offers us creative freedom, and the opportunities created by the GamingCo really resonate with our team. We’re excited to have found a new home for our company, one where our team can learn and grow alongside our fellow companies.”

PlaySimple co-founders and management team members Siddhanth Jain, Suraj Nalin, and Preeti Reddy jointly said that this acquisition would help PlaySimple in expanding into the European market, investing in cutting-edge technology, and building exciting new games.

Are you a gamer? Then this is just for you!

Swedish gaming giant MTG has acquired a 100 stake in

We’re building an exciting new offering in the gaming and esports space and need your valued insights for its creation. Help us with this quick survey, it will only take 2 minutes and then you can get back to your gaming devices! GG! 

https://bit.ly/3ofSySc


ShareTweetSend
The Times of Esports Staff

The Times of Esports Staff

Related Posts

PlayStation 5 shortage over, says Sony
Gaming

PlayStation 5 shortage over, says Sony

2023-01-06
Elden Ring has the most Game of the Year awards to date
News

Elden Ring has the most Game of the Year awards to date

2023-01-06
STEAMAWARDS2022 SOC MEDIA
News

Steam Awards 2022: Here’s a complete list of winners

2023-01-06
Gaming

Qlan The Social gaming Platform

2023-01-05
Xbox announces two new games with gold for January 2023
News

Xbox announces two new games with gold for January 2023

2023-01-03
Star Wars Jedi: Fallen Order, Axiom Verge 2, and Fallout 76 coming to PS Plus in January 2023
Gaming

Star Wars Jedi: Fallen Order, Axiom Verge 2, and Fallout 76 coming to PS Plus in January 2023

2023-01-02
Esports

We bring you the best Esports News, updates on all the games, business, tips, reviews and more

LEARN MORE »

Latest News

  • PlayStation 5 shortage over, says Sony
  • Elden Ring has the most Game of the Year awards to date
  • Steam Awards 2022: Here’s a complete list of winners

Categories

  • APAC
  • Business
  • consolegaming
  • Events
  • Features
  • gadgets
  • games
  • Gaming
  • How To
  • Markets
  • mobilegaming
  • newlaunches
  • News
  • pcgaming
  • Reviews

All Rights Reserved © 2021 The Times of Esports - Esports News & Updates.

No Result
View All Result
  • Home
  • Latest News
  • Reviews
  • Business
  • Features
  • How To
  • Markets
    • APAC
    • India
    • USA
  • Tools

All Rights Reserved © 2021 The Times of Esports - Esports News & Updates.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version