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.
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.