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Indian game developer PlaySimple acquired by Swedish gaming major MTG for $360 Mn

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Content Team
Image Credit: Getty Images

Indian game developer PlaySimple has been acquired by Swedish gaming company MTG for more than $360 Mn, according to a statement released by the two firms on Friday. PlaySimple’s games have registered over 75 Mn installs till date and 7 Mn monthly active users on its current portfolio of nine titles. Net revenues of the company for calendar year 2020 were $83 Mn, corresponding to a growth of 144% over 2019.