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Snatch-Two Interactive acquires Two Dots game developer for $192M

Snatch-Two Interactive acquires Two Dots game developer for $192M

Playdots — developer of the cell video games Dots, Two Dots and Dots & Co. — has reached an settlement to be obtained by creator Snatch-Two Interactive.

Snatch-Two pays $192 million for the deal, $90 million in money and the remaining $102 million in stock.

Playdots changed into once founded in 2014 by Paul Murphy and Patrick Moberg, spinning out of startup studio betaworks with $10 million in funding led by Tencent and Greycroft  It’s currently led by CEO Nir Efrat, a dilapidated government who joined Playdots in 2018.

Within the acquisition announcement, Snatch-Two (handiest known for publishing major franchises admire BioShock and NBA 2K, plus — by its Rockstar Games subsidiary — Enormous Theft Auto and Red Dull Redemption) says that Erfat will continue to manual Playdots’ 70-individual team.

It appears the assorted Dots video games own been downloaded extra than 100 million times, with extra than 80 million of these downloads coming from the most standard title, Two Dots.

In a assertion, Michael Worosz, Snatch-Two’s government vice president and head of approach and self reliant publishing, said:

Our acquisition of Playdots will diversify and toughen extra Snatch-Two’s cell game offerings, particularly inner the informal, free-to-play segment. Two Dots continues to grow its target audience and underneath the management of Nir, the addition of scavenger hunts, social chief boards and dwell-ops skills are making improvements to the game and riding essential, lengthy-interval of time client engagement. We are very chuffed to welcome Nir and your total team at Playdots to the Snatch-Two family and are angry by the skill of their vogue pipeline and obvious, lengthy-interval of time contributions to our industrial.

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