Dubai, UAE, November 10 – MY.GAMES, a leading international video game developer and publisher, announes a management buyout (MBO) from its sole shareholder, Alexander Chachava, led by its Chief Executive Officer, Elena Grigorian, and Chief Operating Officer, Denis Savuta, backed by Georgy Nurislamov, a UAE-based private investor with a proven regional track record, brought on board by the management team.
The parties have signed a definitive agreement for the acquisition, marking a significant milestone in a comprehensive process launched in 2025 to assess strategic alternatives and identify a path forward to support the Company's long-term development. The transaction is expected to close in 2026.
The management team behind the buyout combines deep industry expertise. Elena Grigorian brings two decades of experience in the gaming industry, including senior leadership at Disney’s games division. At MY.GAMES, she held C-level strategic leadership roles before becoming CEO, helping scale War Robots into a franchise with over $1 billion in lifetime revenue and reshaping the Company’s portfolio and operations. Denis Savuta has spent more than 20 years in finance and operations and has strengthened the Company’s efficiency and international footprint. Together, they will lead MY.GAMES into its next phase of growth.
Following completion, MY.GAMES will continue to operate under its existing brand and leadership, maintaining its relationships with customers, partners and employees.
Elena Grigorian, CEO of MY.GAMES, commented:
"We've built a strong business with a proven product portfolio and evergreen titles like War Robots and Rush Royale, and we're ready to take it further. With the support of our investor, we're entering this next chapter and looking forward to building on our existing strengths and pursuing further opportunities for growth."
Alexander Chachava, commented:
"Over the past four years, together with the management team, we have strengthened the company's financial and business sustainability despite a challenging external environment. With the business now on solid footing, the time is right for us to pursue our respective strategic priorities. Following a year-long competitive sale process, the management team's offer stood out as the strongest, backed by their deep understanding of the business and consistent delivery of results. I am grateful to the team for their exceptional commitment, operational discipline and unwavering focus on performance."
The company's day-to-day operations will continue as usual throughout the closing process.
