Gernandt & Danielsson advises Modern Times Group (MTG) in connection with its acquisition of Plarium, the international studio behind e.g. the popular squad battler RPG RAID: Shadow Legends, for a consideration of USD 620 million.

Plarium was founded in 2009 in Israel and was acquired by Aristocrat in 2017. The studio currently has approximately 1,300 employees and is headquartered in Israel, with teams in Poland, Ukraine, Finland and the rest of the world. The studio’s most successful title is the genre-leading RAID: Shadow Legends. The game was launched in 2019 and is the highest grossing turn-based role-playing game on the Google and Apple app stores. The studio’s other major titles include the strategy and city-building game Vikings, PVP battler Mech Arena and the casual title Merge Gardens.

The transaction will be financed by a combination of MTG’s current cash on hand and committed financing totalling USD 460 million.

Gernandt & Danielsson advises Modern Times Group (MTG) with a team consisting of partners Fredrik Palm, Oscar Anderson and Mikael Bolling (financing) as well as associates Alexander Thörnberg and Gustaf Hellberg.