Take-Two Grows Its Mobile Gaming Empire
The video game maker is hedging its bets with the acquisition of Playdots.
Dealmaking is heating up in the video game industry. Zynga scooped up two mobile game studios over the summer, while AT&T is looking for potential suitors for its Warner Bros. games unit.
Now, Take-Two Interactive (NASDAQ:TTWO) has joined the party by announcing a $192 million deal to acquire Playdots, the maker of Dots, Two Dots, and Dots & Co. That might sound underwhelming, but these games tap into the fast-growing hyper-casual mobile game market and have been downloaded more than 100 million times.
This is Take-Two’s second major acquisition since 2017, when it acquired Social Point for $250 million, which has served as the company’s primary mobile game arm. Her