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1493880cookie-checkTake-Two Interactive To Acquire Mobile Dev Playdots, As Per Report
Industry News

Take-Two Interactive To Acquire Mobile Dev Playdots, As Per Report

Take-Two Interactive not too long ago revealed that it has plans on acquiring Playdots. In a new report following the acquisition, we learn that the deal will see Take-Two Interactive possessing the mobile games studio for $192 million.

Based in New York, Take-Two Interactive is best known for being the parent company of Rockstar Games and 2K Games — with the former behind the Grand Theft Auto series of games and the latter churning out the copy/paste NBA 2K titles.

Another company based in New York is the puzzle and mobile game team known as Playdots. This group is behind a game dubbed Two Dots, which has been downloaded well over 80 million times since its launch in 2014.

The above information comes from website Moreover, the website cites Michael Worosz — executive VP and head of strategy and independent publishing for Take-Two — saying the following about the aforesaid acquisition:

“Our acquisition of Playdots will diversify and strengthen further Take-Two’s mobile game offerings, particularly within the casual, free-to-play segment. Two Dots continues to grow its audience and under the leadership of Nir Efrat [head of franchises and studios at Candy Crush creator King], the addition of scavenger hunts, social leader boards and live-ops technology are enhancing the game and driving meaningful, long-term consumer engagement. We are very pleased to welcome Nir and the entire team at Playdots to the Take-Two family and are excited by the potential of their development pipeline and positive, long-term contributions to our business.”

In other words, Take-Two Interactive is trying to increase its presence in the mobile sphere. The first attempt can be traced back to February 1st, 2017, in that the company acquired social and mobile game developer Social Point for about $250 million.

Fast forward by three years, and now we see the company performing yet another mobile acquisition, which will be comprised of “$90 million in cash and Take-Two common stock,” as per the publication site.

Lastly, the deal is expected to close sometime in Q3 2020 and will bolster the casual experience that Take-Two Interactive wants under its mobile portfolio.

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