Modern Times Group Acquires Plarium Global With Wardynski & Partners' Advice
Deal News | Nov 22, 2024 | CEE Legal Matters
Modern Times Group (MTG), a Stockholm-based digital entertainment company, has finalized its acquisition of Plarium Global, a mobile gaming creation company that is part of Australia's Aristocrat Leisure. The acquisition was advised by Wardynski & Partners and Baker Botts, with a team including several partners, lawyers, attorneys, and junior associates. Plarium, headquartered in Israel, operates creative teams across Poland, Ukraine, Finland, and Spain. The strategic acquisition highlights MTG's continued expansion into the mobile gaming sector, leveraging Plarium's established global presence and creative expertise to strengthen its digital entertainment portfolio.
Sectors
- Digital Entertainment
- Mobile Gaming
- Legal Advisory
Geography
- Sweden – Modern Times Group is headquartered in Stockholm, Sweden.
- Israel – Plarium Global's headquarters are located in Israel.
- Australia – Plarium Global is part of Australian-based Aristocrat Leisure.
- Poland – Wardynski & Partners, one of the legal advisors, is located in Poland.
Industry
- Digital Entertainment – Modern Times Group operates in the digital entertainment industry, focusing on expanding its portfolio through strategic acquisitions.
- Mobile Gaming – Plarium Global specializes in mobile gaming, representing a key segment within the digital entertainment industry.
- Legal Advisory – Wardynski & Partners and Baker Botts provided legal advice for the acquisition, playing a critical role in the M&A process.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Modern Times Group | Bidding Company | Company | A digital entertainment company based in Stockholm, Sweden. |
| Plarium Global | Target Company | Company | A mobile gaming creation company headquartered in Israel. |
| Aristocrat Leisure | Selling Company | Company | An Australian-based company that owns Plarium Global. |
| Wardynski & Partners | Legal Advisor | Company | A legal advisory firm involved in advising MTG for the acquisition. |
| Baker Botts | Legal Advisor | Company | A prominent law firm providing additional legal advice in the acquisition. |