News Releases

Baker Botts Represents Modern Times Group in Joining its U.S. Subsidiary Kongregrate with Monumental for a 30% Stake in the Combined Business


Deal Description: Modern Times Group MTG AB (“MTG”), an international mobile gaming group that owns and operates gaming studios with popular global IPs across a wide range of casual and mid-core genres, has entered into an agreement for US-based Monumental Studios, Inc. (“Monumental”), an independent game development studio and publisher, to acquire MTG’s USA and Chile-based studio Kongregrate, Inc.

The combination gives MTG a 30% equity stake in Monumental and brings together two gaming companies that share a strong vision for the future of gaming.

A cross border team of Baker Botts lawyers, led by London Corporate partner David Marshall, represented MTG as its legal counsel.  David previously advised MTG on their acquisitions of Hutch Games, Ninja Kiwi and Playsimple.

The Baker Botts team includes:

Corporate: David Marshall (Lead Partner, London); Jason Rabbitt-Tomita (Partner, Palo Alto); Matthew Savoff (Associate, Palo Alto); Blake Haarstad (Associate, New York); Reuben Brooks (Associate, Palo Alto); Tala Esmaili (Associate, Dallas); Robert Caine (Senior Paralegal, Houston); Sara Jones (Senior Paralegal, Dallas)

Antitrust: Matthew Levitt (Partner, Brussels); Paul Cuomo (Partner, Washington); Dina Jubrail (Special Counsel, London); Michael P. Bodosky (Special Counsel, Washington); Caterina Romagnuolo (Associate, Brussels)

Executive Comp and Benefits: Robin Melman (Partner, New York); Jared DaCosta (Associate, New York); Katie Birnhak (Associate, New York)

Litigation: Kyle Clark (Partner, Washington); Ariel D. House (Senior Associate, Austin); Leanne Thoreson (Staff Lawyer, Dallas)

Income Tax: Jon Lobb (Partner, Houston)

Environmental: Matthew R. Baker (Partner, San Francisco)

International Trade: Matthew T. West (Partner, Washington)

Intellectual Property: Steve Mann (Partner, Dallas); Nick Palmieri (Associate, New York)

MTG’s press release can be found here.

Baker Botts is an international law firm whose lawyers practice throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit

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