It was recently announced that Modern Times Group had acquired the studio PlaySimple. The deal is worth $359.6 million, but, with performance-based payments, it could be worth almost $510 million.

"We're very proud of the games we've developed over the years, and of the infrastructure and scale that we've achieved with our team," said PlaySimple co-founders Siddhanth Jain, Suraj Nalin in a joint statement."As we join the MTG family, we look forward to leveraging our proprietary technology across MTG's gaming portfolio, expanding into the European market, investing in cutting-edge technology, and building exciting new games."

PlaySimple Games is one of the biggest esports organizations in India. The company is best known for producing titles like Word Jam, Word Wars, and Word Trip.

(All information was provided by TechCrunch, Gamesindustry.biz, and PlaySimple)