MTG has announced the takeover of the Warhammer 40,000 developer studio: Tacticus
The Swedish media company Modern Times Group (MTG) is getting bigger. She buys 70% of the shares of Snowprint Studios, the creators of the mobile Warhammer 40,000: Tacticus.
The amount of the transaction is not called. In a press release, MTG announced that it will be calculated based on the x1.8 multiplier of Warhammer 40,000: Tacticus revenue for 2023. According to AppMagic, the game earned $16.4 million in January-September 2023. It can be assumed that 70% of the studio's shares will cost MTG at least $30 million.
MTG expects annual revenue for the entire Snowprint Studios to be $30-35 million. In 2025-2026, MTG plans to buy the remaining 30% of the studio's shares.
Snowprint Studios was opened in 2015 by former King Product Director Alexander Ekvall. In addition to Warhammer 40,000: Tacticus, the studio's portfolio includes two more games: Legend of Solgard and Rivengard.
