Swedish gaming giant acquires India’s PlaySimple for $360 million

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Swedish gaming giant Modern Times Group (MTG) has acquired Indian startup PlaySimple for $360 million, the two firms said Friday. MTG said it will pay 77% of the acquisition sum to Indian game developer and publisher in cash and the rest in company shares. There’s also another $150 million reward put aside if certain undisclosed performance metrics are hit, the…
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