VK, the Russia-based tech giant, has announced the sale of its gaming division. According to the press release, the deal will transfer complete control of My.Games to Aleksander Chachava, Managing Partner of LETA Capital.
A multi-stage procedure has been performed to select a buyer, and the agreement’s value has been announced as $642 million. As part of the deal, VK reported that all assets of My.Games will be acquired, including all its studios and game products.
My.Games is a European company that has some say in the game industry. Titles like War Robots, Hustle Castle, Rush Royale, Left to Survive, Warface, and others have allowed the company to climb over one billion users. VK’s Vladimir Nikolskiy, who’s also the Co-Founder of My.Games, will also leave the company to lead My.Games.
VK stated that gaming services within the company won’t stop, but will shift to the VK Play brand going forward. VK has described the brand’s length and endeavors in these sentences:
“VK Play is the largest Russian game platform, launched in April 2022. It brings together all the popular game-related entertainment into one place and includes a catalog of games, cloud gaming, VK Play Live streaming platform, tournament platform, and news media.”
Another shift has been mentioned within the company, as Vasily Maguryan assumes the Head of VK Play position. He’s no stranger to the company, and as the man in charge of VK’s efforts in the game industry for the past eight years, Maguryan seems like the person for the job.