{"id":321,"date":"2026-10-28T13:58:28","date_gmt":"2026-10-28T08:28:28","guid":{"rendered":"https:\/\/raidwiki.com\/news\/?p=321"},"modified":"2026-10-29T07:41:18","modified_gmt":"2026-10-29T02:11:18","slug":"raid-shadow-legends-ownership-changes-since-2017","status":"publish","type":"post","link":"https:\/\/raidwiki.com\/news\/raid-shadow-legends-ownership-changes-since-2017\/","title":{"rendered":"RAID: Shadow Legends \u2013 Ownership Changes Since 2017\u00a0"},"content":{"rendered":"

Who Owns RAID: Shadow Legends in 2026?<\/span><\/h2>\n

RAID: Shadow Legends has grown into one of the most recognised mobile RPGs since its global launch in early 2019, but the company behind it changed hands not long ago. Today, the game is owned by Modern Times Group (MTG), which completed its purchase of Plarium, RAID’s developer and publisher, from Aristocrat Leisure in February 2025.<\/span><\/p>\n

So what does that mean for the game and its players? Here’s a closer look at how the ownership structure works today, who owned RAID before MTG and what has changed since the sale.<\/span><\/p>\n

The Current Owner of RAID: Shadow Legends<\/span><\/h2>\n

Modern Times Group (MTG), a Swedish gaming company based in Stockholm, owns RAID: Shadow Legends through Plarium. Plarium is headquartered in Israel and remains the game’s developer and publisher. MTG owns the studio, but it does not develop RAID directly.<\/span><\/p>\n

MTG completed its purchase of 100% of Plarium from Aristocrat Leisure on 12 February 2025. The companies had agreed to the deal in November 2024 for a fixed price of $620 million, with up to $200 million more in potential earn-out payments. The acquisition brought Plarium and its games into MTG’s portfolio. Here’s how the ownership structure looks in 2026:<\/span><\/p>\n\n\n\n\n\n\n
Company<\/b><\/td>\nRole<\/b><\/td>\n<\/tr>\n
Modern Times Group (MTG)<\/span><\/td>\nCurrent parent company and indirect owner of RAID<\/span><\/td>\n<\/tr>\n
Plarium<\/span><\/td>\nDeveloper and publisher of RAID<\/span><\/td>\n<\/tr>\n
Aristocrat Leisure<\/span><\/td>\nPrevious owner of Plarium, until February 2025<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

The company behind a game can make a big difference to its quality and updates. Take\u00a0<\/span>https:\/\/www.slotozilla.com\/uk\/software\/barcrest<\/span><\/a>, a slot developer, for example. It has released many games over the years, but they don’t all work the same way. Comparing their mechanics, features and payout structures helps players understand what makes each title different. The same principle applies to Plarium, which remains responsible for how RAID is developed and updated.<\/span><\/p>\n

Who Owned RAID Before MTG?<\/span><\/h2>\n

RAID: Shadow Legends launched globally in early 2019, when its developer, Plarium, was part of Aristocrat Leisure. The Australian gaming company remained Plarium’s parent company for more than seven years before selling it to MTG. Here’s a quick look at the ownership timeline:<\/span><\/p>\n