One year after its rival Activision acquired Candy Crush Saga publisher King, Take-Two Interactive enters the free-to-play mobile game industry by taking over Spanish mobile game developer Social Point.
The free-to-play model seems to be extremely successful for the companies using it, and now the company behind publishers like Rockstar Games and 2K Games is finally entering this sector of the market. Take-Two Interactive announced earlier today the acquisition of Social Point, a mobile game developer from Spain.
Social Point is known for titles like Dragon City or Monster Legends, two titles that have been downloaded more than 180 million times so far (combined) on iOS and Android. Even more, both titles managed to enter the top 100 US mobile games by gross revenue since 2014. Social Point currently works on "a number of exciting games" that should come out over the next two years.
According to the official press release, the deal "Take-Two acquired all of the outstanding share capital of Social Point for $250 million, comprised of $175 million in cash and 1,480,168 unregistered shares of its common stock." This move comes more than a year after Activision entered the mobile gaming market by acquiring King for an impressive $5.9 billion.
Codrut Nistor - Senior Tech Writer - 5852 articles published on Notebookcheck since 2013
In my early school days, I hated writing and having to make up stories. A decade later, I started to enjoy it. Since then, I published a few offline articles and then I moved to the online space, where I contributed to major websites that are still present online as of 2021 such as Softpedia, Brothersoft, Download3000, but I also wrote for multiple blogs that have disappeared over the years. I've been riding with the Notebookcheck crew since 2013 and I am not planning to leave it anytime soon. In love with good mechanical keyboards, vinyl and tape sound, but also smartphones, streaming services, and digital art.
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