Take-Two Buying Mobile-Game Developer Playdots for $192 Million
Take-Two Interactive (NASDAQ: TTWO) is buying mobile-game developer Playdots for $192 million in a cash-and-stock deal.
Although Take-Two makes most of its money from developing video games for consoles, mobile gaming is growing in importance and provides it with opportunities to enhance its growth prospects and profitability.
Playdots has made three successful games -- Dots, Two Dots, and Dots & Co. -- that have been downloaded over 100 million times. Two Dots accounts for most of that figure, having been downloaded more than 80 million times since being released six years ago.
Source Fool.com
