2 July 2021

Gernandt & Danielsson advises MTG in connection with acquisition of PlaySimple

Modern Times Group MTG AB (publ) announced on 2 July 2021 that it had entered into an agreement to acquire all shares in the games developer PlaySimple for an upfront consideration consisting of cash and class B shares in MTG corresponding to approximately SEK 3,090 million (on a cash and debt free basis) as well as earn-out payments of an expected amount corresponding to SEK 1,287 million in aggregate. Founded in 2014, PlaySimple is an India-based developer and publisher of mobile word games with over 200 employees.

Gernandt & Danielsson advises MTG with a team consisting of Partner Fredrik Palm, Senior Associates Oscar Anderson and Daniel Sveen as well as Associate Emelie Ögren.