Sweden’s MTG is making a major acquisition in the mobile game industry. The company is acquiring hutch games, a London based gaming studio, which has developed popular mobile racing games including rebel racing, F1 manager and top drives. The acquisition is a major acquisition for MTG, which is about to spend $275 million and has set aside $100 million for performance-based payments. < / P > < p > in addition, it has acquired innogames and kongregate to develop its popular online and mobile games. MTG’s acquisition pace does not seem to end with this, and MTG plans to acquire more companies in the near future. < p > < p > MTG explained in a statement why the latest acquisition was reasonable. It is understood that hutch games is not a company focusing on building a game. It has established a series of successful games, which is always a good omen for the future development. < / P > < p > the game studio also has some well-known brand licenses, such as F1. MTG believes that F1 manager, top drives and rebel racing still have great growth potential. Free mobile games have become a game as a service, so developers need to make them popular for a long time. < / P > < p > when it comes to long-term potential, hutch games also plans to host more competitions in 2021 and 2022. Finally, it’s also an affordable studio, because most employees are developers. Global Tech

By ibmwl