Aristocrat Leisure Sells Plarium, Developer of Raid: Shadow Legends, in a Strategic $820 Million Deal
Australian gaming giant Aristocrat Leisure has finalized the sale of its subsidiary, Plarium, to Sweden’s Modern Times Group (MTG). The deal, valued at up to $820 million, marks a significant strategic shift for Aristocrat as it focuses on mobile gaming and real-money gaming.
Plarium: A Mobile Gaming Powerhouse
Plarium, best known for its popular mobile role-playing game, Raid: Shadow Legends, has been a key player in the mobile gaming industry. The studio has consistently delivered high-quality games that have captivated millions of players worldwide.
The Deal’s Financial Implications
The sale to MTG involves a fixed consideration of $620 million, with an additional $200 million contingent on Plarium achieving specific financial milestones between 2025 and 2028. This deal is expected to bolster MTG’s gaming division and contribute significantly to its overall revenue and profitability.
Aristocrat’s Strategic Focus
Aristocrat’s decision to sell Plarium aligns with its broader strategy of focusing on mobile gaming and real-money gaming. The company has been investing heavily in these areas to capitalize on the growing demand for mobile gaming experiences.
The Future of Raid: Shadow Legends
With the acquisition of Plarium, MTG gains access to a valuable portfolio of mobile games, including the highly successful Raid: Shadow Legends. While the future of the game remains uncertain, fans can expect continued support and development from MTG.
Key Takeaways
- Aristocrat has sold Plarium to MTG for up to $820 million.
- Plarium is the developer of the popular mobile game Raid: Shadow Legends.
- The sale is part of Aristocrat’s strategic shift towards mobile and real-money gaming.
- MTG aims to leverage Plarium’s expertise and game portfolio to drive growth.
- The future of Raid: Shadow Legends remains uncertain, but fans can expect continued support.
