Recently, the trend of investing in MTG has attracted much attention. In order to help investors better understand MTG’s development strategy and ambitions in the gaming field, this article will analyze in detail the background and intentions behind MTG’s acquisition of the mobile game studio Hutch, as well as MTG’s overall development plan in the esports and gaming fields, so that investors can fully understand whether MTG is worth investing in or not.
MTG is a digital entertainment company headquartered in Sweden, with main businesses including esports events and game development
MTG is a digital entertainment company headquartered in Stockholm, Sweden. Its main businesses include esports events and game development. To further expand its gaming business, MTG recently acquired mobile game developer Hutch for up to $375 million. Hutch mainly develops racing mobile games and has over 100 employees. Its revenue in the first 9 months of 2020 reached $56.3 million.
The acquisition of Hutch is an important step in MTG’s strategy to build a gaming map
MTG CEO Maria Redin revealed in media interviews that the acquisition of Hutch is an important step in MTG’s strategy to build a gaming map. MTG will focus on investing in developers of casual and core mobile games to further promote the diversified development of its own gaming business. In addition, MTG’s esports company ESL, independent game publisher Kongregate and others are also expected to achieve faster growth in the future.
MTG is worth investing from business performance and development strategy
So, is MTG worth investing in? Judging from the company’s performance and development strategy, MTG still has great room for imagination in the esports and gaming fields. The successful case of Hutch also proves MTG’s ability to identify and nurture gaming companies. Therefore, from a medium to long term perspective, MTG is indeed a gaming company worth paying attention to.
In summary, with the acquisition of the mobile game studio Hutch, MTG has ambitions to further expand its gaming business. Its focus on investing in mobile game developers and focus on the integration of esports and gaming are expected to nurture more growth opportunities. Therefore, MTG is a noteworthy investment target in the gaming industry.