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Big Law

Take-Two Mobile Gaming App is Acquiring Playdots

Publisher Take-Two Interactive is best known as the parent company of Grand Theft Auto V developer Rockstar Games, but the company also has a strong presence on mobile. Now, Take-Two is beefing up its mobile gaming business through the acquisition of developer Playdots. This is the studio responsible for the popular iOS and Android puzzler Two Dots.

Take-Two’s acquisition deal is worth $192 million in cash and stocks. And the publisher claims this team will help give it more exposure to the “casual, free-to-play games” market. Playdots chief executive Nir Efrat will continue to oversee the studio under its new ownership.

Here’s a statement from Take-Two executive vice president of strategy and independent publishing Michael Worosz:

Read the source article at VentureBeat

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