Take-Two Acquires Social Point A Mobile Game Company For $250 Million

For those who don’t know that Take-Two Interactive owns Rockstar Games and 2K Games has now acquired the Mobile Games developers Social Point.

Social Point makes social games for Facebook and Mobile devices

They are known for their two big titles Monsters Legends & Dragon City both are free-to-play model games,

The great thing is that if we count both together they have reached 180 million downloads together.

 

CEO of Take-Two Strauss Zelnick Said This Acquisition will help them in mobile Game industry and It all also help in:

 

 

“fast-growing freE to-play mobile gaming space.”

“We believe that Social Point’s deeply engaging mobile offerings will be a perfect complement to our business,”

“Social Point is one of the few mobile game developers that has a proven track record of growing revenues and delivering multiple hits, and we expect this growth to continue given the company’s exciting development pipeline.”

The Company will share more details on its acquisition of mobile game company in their next earnings briefing.

Take-Two already has games for mobile devices like Grand Theft Auto Voice City and GTA San Andreas.