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New Deal


Announced

Aleksander Chachava to acquire MY.GAMES from VK for $642m.

Financials

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Transaction Value£596m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Domestic

Estonia

Friendly

mobile application

Online and Social Platforms

Acquisition

Majority

Private

Single Bidder

Synopsis

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Aleksander Chachava, LETA Capital managing partner, agreed to acquire MY.GAMES, a provider of a mobile application designed to make tennis-related activities simple, digital, and playful, from VK, a social network, for $642m. VK will continue to develop its own gaming services under the VK Play brand. VK Play is the largest Russian game platform, launched in April 2022. It brings together all the popular game-related entertainment into one place and includes a catalog of games, cloud gaming, VK Play Live streaming platform, tournament platform and news media.

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