- Take-Two Interactive Software (NASDAQ:TTWO) to acquire Playdots for $192.0M in cash and stock.
- Founded in 2013, Playdots builds mobile games with unique and thoughtful designs. The studio has created three mobile hits, Dots, Two Dots and Dots & Co. which have been downloaded over 100M times.
- The studio behind the popular Two Dots will further diversify TTWO’s mobile business and enhance the company’s offerings in the casual, free-to-play games sector.
- The $192.0M purchase price is comprised of $90.0M in cash and the balance in newly issued shares of TTWO common stock.
- The number of TTWO shares will be calculated by dividing $102.0M by the average closing price per share on the Nasdaq Market during the 30-trading day period ending on the date three days prior to the closing date.
- The acquisition is expected to close in Q320.