Swedish gaming giant MTG acquires Bengaluru-based PlaySimple for $360M

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Sweden-based Modern Times Group (MTG), a publically listed gaming giant, has acquired Bengaluru-based game developing startup PlaySimple for $360 million. The deal will help MTG to expand in geographies like India. Incorporated in November 2014 by brothers Siddharth Jain and Siddhanth Jain – with fellow co-founders Preeti Reddy, and Suraj Nalin, PlaySimple is focused on mobile games across the categories…
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