Software company Take-Two Interactive Software said it plans to acquire Playdots, a mobile developer, for a sum of $192 million through a cash and stock option.
Among Playdots’ successes are three mobile games including Two Dots which was downloaded more than 80 million times since it launched in 2014.
Take-Two hopes to bolster its mobile gaming segment through the acquisition.
“Our acquisition of Playdots will diversify and strengthen further Take-Two’s mobile game offerings, particularly within the casual, free-to-play segment,” said Michael Worosz, head of strategy at Take-Two.
After 7+ years, we sold @Dots to Take Two today.— Paul Murphy (@paulbz) August 18, 2020
The “roller coaster” cliche isn’t right as it only really describes fear and excitement. It was much more, and I’m incredibly thankful to have had the experience. I’ve captured some highlights and lessons here. 👇
Playdots launched in 2013 and has since created games including Dots, Two Dots and Dots & Co. Together, its games have been downloaded more than 100 million times.
Worosz added that “Two Dots continues to grow its audience and under the leadership of Nir, 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.”