Modern Times Group to acquire PlaySimple for $514m.

Financials

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Transaction Value£371m

Consideration TypeCash, Ordinary Shares

Capital Owned-

Capital Bid For100%

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

bidder

Modern Times Group

vendor

Saif Partners

target

PLAYSIMPLE

bidder

Chiratae Ventures

vendor

Ridge Ventures

Sources

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Tags

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Friendly

Acquisition

India

Private

Gaming

Pending

Cross Border

Single Bidder

game developer

Majority

Private Equity

Synopsis

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Modern Times Group, a digital entertainment company, agreed to acquire PlaySimple, a developer and publisher of mobile word games, for $514m. Founded in 2014, PlaySimple is an India-based developer and publisher of mobile word games with over 200 employees.

Service Providers (9)

Dealmakers