• Loading stock data...
Thursday, July 3, 2025

European Video Game Publisher Sells for $642M

  • MY.GAMES has more than 150 games in its portfolio for PC, consoles, and mobile devices.
  • In 2021, the company generated $44.4 billion in revenue.
My.Games

Video game publisher MY.GAMES has been sold to Leta Capital managing partner Alexander Chachava in a deal valued at $642 million. 

The Amsterdam-based company — which has more than 150 games in its portfolio for PC, consoles, and mobile devices — was previously owned by Russian tech giant VK Company.

  • Chachava secured the deal for MY.GAMES after a “multi-stage selection procedure.”
  • He has acquired all assets of the publisher, including its studios and game products.
  • In 2021, MY.GAMES generated $44.4 billion in revenue — 44% of VK’s total revenue.

VK will still maintain a position in the $197 billion global gaming market despite selling MY.GAMES. The company plans to shift its focus toward developing its gaming service, VK Play.

Launched earlier this year, VK Play is now Russia’s largest video game platform

One of Many

Chachava’s deal adds to a growing number of gaming-related acquisitions. 

In January, Microsoft agreed to acquire Activision Blizzard in a deal worth $68.7 billion, making the Washington-based tech giant the world’s third-largest gaming company by revenue. 

The same month, Sony agreed to acquire video game developer Bungie — the original creator of “Halo” and current developer of “Destiny” — in a deal valued at $3.6 billion.

In May, the Public Investment Fund — Saudi Arabia’s sovereign wealth fund — acquired a 5% stake in Nintendo for $3 billion, making it the company’s fifth-largest shareholder.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

exclusive

WNBA Players Reject League’s First CBA Offer

Players felt the initial proposal wasn’t “entirely responsive” to their request.

NHL to Rejoin Olympic Ice in Milan—and NBC Set to Cash In

NHL players last competed in the Olympics in 2014.

Commanders’ $3.8B Stadium Deal in Jeopardy? Mayor Sounds the Alarm

Political tensions rise about delays in stadium funding approval.

Featured Today

The Battle Over Wimbledon’s Ambitious Expansion Plan

A classic NIMBY standoff on one of the most hallowed grounds in sports.
Seattle Rough & Tumble
June 28, 2025

Women’s Sports Bars Are on the Rise. Survival Isn’t Guaranteed

Some women’s sports bars are cashing in. Others are clawing for funding.
June 27, 2025

Shitposters Have Taken the Reins of Pro Sports’ Official Voices

Meet the social media pros turning sports teams into internet trolls.
Jun 17, 2025; Sunrise, Florida, USA; Florida Panthers center Sam Reinhart (13) hoists the Stanley Cup after winning game six of the 2025 Stanley Cup Final against the Edmonton Oilers at Amerant Bank Arena
June 26, 2025

Stanley Cup’s International Summer Tour: Rules, Repairs, and Raucousness

No pro trophy tour compares to the NHL’s three-month global victory lap.
Apr 26, 2025; San Francisco, California, USA; Houston Rockets guard Fred VanVleet (5) before game three of first round for the 2024 NBA Playoffs against the Golden State Warriors at Chase Center.

Rockets Get $20 Million in Wiggle Room From New VanVleet Deal

VanVleet first signed with the Rockets in 2023.
April 20, 2025

Max Verstappen Linked to $300M Aston Martin Deal Ahead of Miami GP

Aston Martin is currently seventh in the constructors championship.
June 24, 2025

Timberwolves’ 4-Year Ownership Saga Ends As A-Rod, Lore Take Over

The unanimous approval brought a clean end to a long-disputed transaction.
Sponsored

Hottest Matchups Following NFL Schedule Release

The NFL released the 2025 regular-season schedule, and anticipation is already building in the ticket marketplace with four months to go.
March 27, 2025

Peyton Manning’s Omaha Productions Gets PE Boost

The Hall of Famer’s company gains another prominent backer.
March 20, 2025

High School Sports Power Signs Eight-Figure Rights Deal in First

The deal pays roughly $1 million annually, FOS has learned.
March 20, 2025

Maxx Crosby’s Agent: Edge Rushers Set to Dominate NFL’s Non-QB Market

Maxx Crosby just signed a three-year, $106.5 million extension.
March 4, 2025

Eagles Make Saquon Barkley NFL’s Highest-Paid Running Back Ever

Barkley is coming off a historic 2024 season with the Eagles.