My.Games executives buy out Chachava, backed by UAE investor Nurislamov
Published 10 Nov 2026 · Games Atlas Editorial · Stated Intent & Exploration · Companies: My.Games, VK
Games Atlas summary: My.Games CEO Elena Grigorian and COO Denis Savuta have signed a definitive agreement to buy the company from sole shareholder Alexander Chachava. UAE-based private investor Georgy Nurislamov is financing the buyout. The deal follows a year-long strategic-alternatives review launched in 2025 and is expected to close by the end of 2026. Chachava, managing partner at LETA Capital, bought My.Games from VK for $642m in September 2022.
How to cite this page
Games Atlas — Games Industry Intelligence (2026). My.Games executives buy out Chachava, backed by UAE investor Nurislamov. Published 10 Nov 2026. https://gamesatlas.app/article/mygames-executives-buy-out-chachava-backed-by-uae-investor-nurislamov
Deal mechanics
- Grigorian and Savuta structured the buyout and brought in Nurislamov as the financing partner.
- Financial terms of the transaction were not disclosed.
- The management offer won out after a year-long competitive sale process launched in 2025.
- My.Games will keep its existing brand and leadership, with day-to-day operations unchanged after close.
Strategic logic: ownership moves from fund to operators
- The buyout shifts control from Chachava, a VC fund managing partner, to the two executives who run War Robots and Rush Royale day to day.
- Chachava exits four years after buying the company from VK for $642m.
- "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." - Alexander Chachava, Shareholder, My.Games
- Grigorian has spent two decades in the games industry, including senior leadership roles at Disney's games division.
Franchise track record behind the buyout
- War Robots has generated more than $1bn in lifetime revenue under Grigorian's tenure at My.Games.
- The portfolio spans mobile titles Rush Royale, Hustle Castle and Left to Survive, plus PC and console games.
- Savuta brings more than 20 years of finance and operations experience, including the company's international expansion.
- "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." - Elena Grigorian, CEO, My.Games
Competitive implications
- Brand, leadership and operations continuity through close removes integration uncertainty that typically follows ownership changes.
- Chachava frames the outcome as the result of a competitive process, citing the team's "deep understanding of the business and consistent delivery of results."
- The transaction's end-of-2026 timeline gives My.Games close to a year of operating under the current structure before the buyout finalizes.