{"id":119054,"date":"2020-10-08T12:31:00","date_gmt":"2020-10-08T12:31:00","guid":{"rendered":"http:\/\/www.gamasutra.com\/view\/news\/371546"},"modified":"2020-10-08T12:31:00","modified_gmt":"2020-10-08T12:31:00","slug":"my-games-acquires-controlling-stake-in-mobile-studio-deus-craft-for-up-to-49-1-million","status":"publish","type":"post","link":"https:\/\/sickgaming.net\/blog\/2020\/10\/08\/my-games-acquires-controlling-stake-in-mobile-studio-deus-craft-for-up-to-49-1-million\/","title":{"rendered":"My.Games acquires controlling stake in mobile studio Deus Craft for up to $49.1 million"},"content":{"rendered":"<p>My.Games has acquired a controlling stake in Russian mobile game studio Deus Craft in a deal worth up to&nbsp;$49.1 million.&nbsp;<\/p>\n<p>The deal&nbsp;will see My.Games, which is the video game division of Russian company Mail.Ru, purchase 51.1 percent of Deus Craft for an upfront payment of $14.1 million and a deferred payment of up to $35 million payable in April 2021.&nbsp;<\/p>\n<p>Deus Craft has offices in Moscow, Saint Petersburg, and Novosibirsk, and has worked on over 40 titles including its current flagship release <em>Grand Hotel Mania<\/em>. The hotel sim launched in July 2020, and quickly became the second highest grossing management title on both iOS and Android.&nbsp;<\/p>\n<p>The company&nbsp;is currently working on two more mobile titles that are expected to launch within the next 12 months, and will retain its current management structure post-acquisition.&nbsp;<\/p>\n<p>Commenting on the deal, My.Games chief exec Vasiliy Maguryan said the move will help consolidate its position in the mobile market.<\/p>\n<p>&#8220;By becoming part of the My.Games&nbsp;ecosystem, studios can scale their business multifold and use all the advantages of an open partner environment for sharing experience,&#8221; he said in a press release. &#8220;We are confident that the Deus Craft team will help us further strengthen our expertise in the mobile segment, especially in the new time management genre.&#8221;&nbsp;<\/p>\n<p>The purchase is expected to close in October 2020, with consolidation into Mail.Ru&#8217;s management accounts as of Q3 2020 reporting.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>My.Games has acquired a controlling stake in Russian mobile game studio Deus Craft in a deal worth up to&nbsp;$49.1 million.&nbsp; The deal&nbsp;will see My.Games, which is the video game division of Russian company Mail.Ru, purchase 51.1 percent of Deus Craft for an upfront payment of $14.1 million and a deferred payment of up to $35 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":119055,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-119054","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/119054","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/comments?post=119054"}],"version-history":[{"count":0,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/119054\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media\/119055"}],"wp:attachment":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media?parent=119054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/categories?post=119054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/tags?post=119054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}