Gamasutra is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
March 9, 2021
arrowPress Releases







If you enjoy reading this site, you might also want to check out these UBM Tech sites:


MTG acquires UK mobile studio Hutch Games for initial $275 million

MTG acquires UK mobile studio Hutch Games for initial $275 million

December 9, 2020 | By Chris Kerr




Esports and video game investment company MTG has acquired British mobile developer Hutch Games for $275 million upfront and an additional $100 million in potential earn-out payments. 

Hutch is known for developing and publishing free-to-play racing games including F1 Manager and Rebel Racing. Its portfolio includes 13 titles that have amassed over 300 million downloads to date, and MTG said the acquisition is a "positive step in its buy-and-build growth strategy." 

"MTG sees continued strong growth opportunities through Hutch’s three key titles F1 Manager, Top Drives and Rebel Racing, which are all still in an early growth phase with considerable future potential," explained the company in a press release. 

"Additionally, Hutch has a promising pipeline of new games with titles planned for launch in 2021 and 2022. The acquisition of Hutch adds an attractive portfolio of games and knowledge to MTG’s other gaming companies and contributes to MTG’s overall strategy of continued growth through both strategic acquisitions and organic initiatives. 

The purchase is also the first deal under MTG's newly formed investment holding company, Gaming Co, which was formed earlier this month with the help of Hamburg-based developer InnoGames. 



Related Jobs

Gear Inc.
Gear Inc. — Hanoi, Vietnam
[03.08.21]

[Vietnam] Senior Game Designer
Brass Lion Entertainment
Brass Lion Entertainment — New York, New York, United States
[03.08.21]

Principal Software Programmer
Bit Fry Game Studios
Bit Fry Game Studios — Portsmouth, New Hampshire, United States
[03.08.21]

Technical Animator
Bit Fry Game Studios
Bit Fry Game Studios — Portsmouth, New Hampshire, United States
[03.08.21]

Senior Technical Artist









Loading Comments

loader image