Swedish gaming giant MTG buys Indian games developer PlaySimple for $360 mn

Acquires 100% in cash-and-equity deal that will significantly strengthen the company's position in casual games' genre and enable access to fast-growing word games genre

Swedish gaming giant Modern Times Group (MTG) has acquired a 100 per cent stake in Bengaluru-based word games developer PlaySimple for $360 million in a cash-and-equity deal.

“We’re very happy to welcome PlaySimple to our family of gaming companies,” said MTG’s Group President and CEO Maria Redin.  “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.”

Redin said an experienced management team and focused, data-driven operating model has allowed PlaySimple to develop multiple game hits especially popular