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Take-Two Grows Its Mobile Gaming Empire

TheMotleyFool

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Dealmaking is heating up in the video game industry. Zynga scooped up two mobile game studios over the summer, while AT&T is looking for potential suitors for its Warner Bros. games unit.

Now, Take-Two Interactive (NASDAQ: TTWO) has joined the party by announcing a $192 million deal to acquire Playdots, the maker of Dots, Two Dots, and Dots & Co. That might sound underwhelming, but these games tap into the fast-growing hyper-casual mobile game market and have been downloaded more than 100 million times.

This is Take-Two's second major acquisition since 2017, when it acquired Social Point for $250 million, which has served as the company's primary mobile game arm. Here's what Playdots brings to the table.

Source Fool.com

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