War Robots publisher My.Games has agreed a management buyout from its sole shareholder, Alexander Chachava.
The buyout is led by CEO Elena Grigorian and COO Denis Savuta and backed by Georgy Nurislamov, a UAE-based private investor the management team brought on board. Financial terms weren’t disclosed, and the deal is expected to be final by the end of the year.
According to a press release, the agreement comes out of a process launched in 2025 to assess strategic alternatives for the company. My.Games will keep its existing brand and leadership once the deal completes.
“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,” said Chachava. “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.”
Chachava, managing partner of venture fund LETA Capital, bought My.Games from Russian tech company VK for $642m in September 2022.
Grigorian previously held senior roles at Disney’s games division, and was in C-level roles at My.Games before becoming CEO. The company credits her with helping grow War Robots into a franchise that has made over $1bn in lifetime revenue.
“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,” said Grigorian.
My.Games’ other mobile games include Hustle Castle and Left to Survive.
