Co-owner of Yandex and Ozon sold My.Games, for which hundreds of millions of dollars are still owed
Translated with AI from the Russian original.
Russian businessman Aleksandr Chachava has sold game developer My.Games to its management and UAE investor Georgy Narislamov, although he has still not paid VK a significant part of the money for the purchase of the company.
The new owners will be CEO Elena Grigoryan, COO Denis Savuta, and private investor Georgy Narislamov. The parties have signed an agreement, with the transaction scheduled to close before the end of 2026. Its financial terms have not been disclosed.
Chachava stated that the sale process lasted about a year, and the management's offer proved to be the strongest due to their deep understanding of the business and consistent track record.
“Over the past four years, together with the management team, we have strengthened the financial and business resilience of the company despite challenging external conditions. Now that the business is standing firmly on its feet, the right moment has come for each of us to focus on our own strategic priorities.”
Grigoryan has 20 years of experience in the gaming industry and previously led Disney's gaming division. At My.Games, she oversaw War Robots, a franchise that generated $1 billion in revenue. Savuta also brings 20 years of experience in finance and operational management. Both executives will retain their positions.
My.Games is based in Amsterdam. Its portfolio includes War Robots, Hunting Rivals, Global City, Tacticool, and Frontiers. In 2022, VK sold the company to Chachava for $642 million. The businessman has still not paid the full amount.
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