Our acquisition of Playdots will diversify and strengthen further Playdots has a robust development pipeline with a number of innovative puzzle games planned for launch over He will continue to lead Playdots and itsĪpproximately 70 employees following the completion of Take-Twos acquisition of the company.

While at King, Efrat also oversaw the companys game studios in London, Barcelona, Seattle, Berlin, and Shanghai. Prior to Playdots, Efrat was Head of Franchises and Studios at King, the creator of the widely successful Candy Crush mobile game series, where he led franchises such asįarm Heroes Saga, Bubble Witch S aga, and Pet Rescue Saga. To the company in March, 2018 and serves as Chief Executive Officer. Two Dots was selected as an Editors Choice in both the Google Play Store and Apple App Store. They are best known for Two Dots, which has been downloaded over 80 million times since its launch six years ago and that continues to deeply engage audiences throughout the world. The studio has created three mobile hits, Dots, Two Dots and Dots & Co., which have been downloaded overġ00 million times. The acquisition isĮxpected to close in the third calendar quarter of 2020, subject to customary closing conditions.įounded in 2013 and based in New York City, Playdotsīuilds mobile games with unique and thoughtful designs. The purchase price assumes a debt-free, cash-free company with a normalized level of net working capital (excluding cash) at the time of the closing of the acquisition. The number of Take-Two shares will be calculated by dividing $102 million by the average closing price per share on the Nasdaq Global Select Market during the thirty trading day period ending on the date three days prior to

In cash and the balance in newly issued shares of Take-Two common stock The cash portion will be funded from Take-Twos cash on hand. for $192 million, comprised of $90 million (NASDAQ:TTWO) today announced that it has entered into a definitive agreement to acquire privately-held Playdots, Inc. Studio behind popular Two Dots will further diversify Take-Twos mobile businessĪnd enhance Companys offerings in casual, free-to-play Investor Relations & Corporate CommunicationsĬorporate Communications & Public AffairsĬonsideration of $192 million in cash and stock

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