August 26, 2020
Willkie represented Take-Two in the transaction.
On August 18, Take-Two Interactive Software, Inc. (NASDAQ: TTWO) announced that it will acquire privately-held Playdots, Inc. for $192 million, comprised of $90 million in cash and the balance in newly issued shares of Take-Two common stock.
Founded in 2013 and based in New York City, Playdots builds mobile games with unique and thoughtful designs, including the three mobile hits, Dots, Two Dots and Dots & Co., which have been downloaded over 100 million times. The company is best known for Two Dots, which has 2,900 levels of content and has been downloaded over 80 million times since its launch six years ago. Playdots is led by Nir Efrat, who will continue to lead Playdots and its approximately 70 employees following the completion of Take-Two's acquisition of the company.
Headquartered in New York City, Take-Two Interactive Software is a leading developer, publisher and marketer of interactive entertainment for consumers around the globe. It develops and publishes products principally through Rockstar Games, 2K, Private Division, and Social Point. Take-Two’s games and products are designed for console systems and personal computers, including smartphones and tablets, and are delivered through physical retail, digital download, online platforms and cloud streaming services.
In 2017, Willkie represented Take-Two in its launch of the NBA 2K eLeague, and acquisitions of simulation game Kerbal Space Program and mobile game developer Social Point.
The Willkie team was led by partners Adam Turteltaub and Jessica Sheridan and included associates Marisa Weisbaum and Maria LaGumina.
