Modern Times Group, an investment holding company, completed the acquisition of Hutch Games, a developer and publisher of free-to-play mobile games, for $275m. Hutch could also be provided with $100m earn-out payments. “Hutch is a fantastic company led by a very experienced and talented leadership team. We are pleased to now formally and fully welcome them to our group, and specifically to our recently formed new GamingCo. We are eager to support them in the next chapter of their growth journey, which starts now," Maria Redin, MTG President and CEO.