Video game developer and publisher Take-Two Interactive revealed Tuesday that it plans to acquire mobile games studio Playdots for $192 million.
Founded in 2013, the New York-based outfit is known for puzzle game Two Dots, which has been downloaded over 80 million times since its launch six years ago. It’s also behind Dots and Dots & Co. Nir Efrat, who previously worked as the head of franchises and studios at Candy Crush creator King, leads operations as the company’s CEO.
“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, executive vp and head of strategy and independent publishing for Take-Two.
“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,” Worosz continued. “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.”
Also based in New York, Take-Two Interactive is the parent company of Rockstar Games and 2K Games.
The acquisition, which will be comprised of $90 million in cash and Take-Two common stock, is expected to close in the third quarter of 2020. Following its completion, Playdots will continue to develop puzzle games planned for launch in the coming years.