The Netherlands-based gaming company with Russian roots, My.Games, owner of the publishing label Knights Peak, is set to change hands for the second time in four years. It has been revealed that founder of Leta Capital Alexander Chachava, who bought the business in 2022, has decided to sell it to the company's current management. The transaction is expected to be completed by the end of 2026, and the amount has not been officially disclosed.
Second ownership change in four years
The history of My.Games ownership over the last few years has seen several sharp turns. In October 2022, VK sold the company to Alexander Chachava for 642 million dollars. In December of that same year, My.Games was divided into a Russian part, renamed Astrum Entertainment, and an international structure, which departed the Russian market. Thus, the current deal will mark the second change of owner in a short period, highlighting the high volatility of gaming industry asset ownership under current conditions.
Management buyout
According to Chachava, following a competitive sales process, the strongest proposal came from the current leadership of My.Games. The buyout will be carried out by CEO Elena Grigoryan and COO Denis Savuta. Preparation for the agreement is noted to have begun back in 2025. After the deal is closed, Grigoryan and Savuta, according to the company, will "lead My.Games into the next phase of its development," keeping the current name, team, and relationships with consumers, partners, and employees.
Arab capital as a key factor
The key condition that made the buyout possible was external financial support. According to reports, the My.Games management secured resources for the purchase thanks to the participation of a private investor, Georgy Nurislamov, from the United Arab Emirates. It was the inflow of capital from the Arabian Peninsula that allowed current managers to act as buyers in the competitive process, outperforming alternative offers.
Maintaining the asset portfolio
The My.Games structure includes not only the Knights Peak publishing label, which releases projects such as Tempest Rising and Hela: of Mice & Magic, but also the Cyprus-based studio Pixonic, known for the game War Robots, and the marketing and analytics platform AdsAdvisor. The change of owner does not affect this portfolio: the company retains its current name and operating model, which should ensure continuity in product and partner relationships. The deal is expected to be finalized by the end of 2026.
