My.Games management buyout led by Elena Grigorian expected by year-end
Key takeaways
- Deal expected to be final by the end of the year
- Alexander Chachava bought My.Games from VK for $642 million in Sept 2022
- War Robots franchise has generated over $1 billion in lifetime revenue
My.Games has agreed a management buyout from its sole shareholder, Alexander Chachava, with the transaction led by CEO Elena Grigorian and COO Denis Savuta and backed by UAE-based investor Georgy Nurislamov. Financial terms were not disclosed and the company says the deal is expected to be final by the end of the year. The agreement follows a process launched in 2025 to assess strategic alternatives for My.Games.
Chachava, who is managing partner at LETA Capital and bought My.Games from VK for $642 million in September 2022, said the management team’s offer “stood out as the strongest, backed by their deep understanding of the business and consistent delivery of results.” He also noted that over the past four years the company’s financial and business sustainability has been strengthened despite a challenging external environment. The press release names Georgy Nurislamov as the UAE-based private investor the management team brought on board to back the buyout.
Grigorian previously held senior roles at Disney’s games division and served in C-level roles at My.Games before becoming CEO. The company credits her with helping grow War Robots into a franchise that has generated more than $1 billion in lifetime revenue. My.Games’ portfolio also includes Rush Royale, Hustle Castle and Left to Survive.
Why it matters
Takeaway: the buyout keeps My.Games’ existing brand and leadership intact, which means the same team that runs War Robots and the studio’s live titles will remain at the helm once the transaction closes later this year.
Original source
MobileGamer.biz
