MTG just bought Hutch for $375 million.
MTG just bought Hutch for $375 million.
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Why MTG has joined the game-studio acquisition whirlwind

  • Posted byby Dean Takahashi
  • Updated
  • 6 min

Modern Times Group joined the game-studio acquisition whirlwind last week with its (up to) $375 million purchase of mobile racing game maker Hutch.

The deal comes shortly after Electronic Arts agreed to buy racing game maker Codemasters Group for $1.2 billion, after Embracer Group acquired a dozen game studios, and after Microsoft agreed this summer to buy ZeniMax Media (Bethesda) for $7.5 billion.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.