The American Take-Two acquires the Catalan startup videogame Social Point
The American Take-Two has acquired the Barcelona’s startup videogame Social Point for $250 million (230 million of euros). Founded in 2008 and headquartered in Barcelona, Social Point is a highly-successful free-to-play mobile game developer that focuses on delivering high-quality, deeply-engaging entertainment experiences.
Social Point has multiple profitable titles in the market, such as Dragon City and Monster Legendsthat have been downloaded more than 180 million times. Social Point’s games currently are available in North America, Latin America and Europe, the Middle East, Africa and approximately 50% of its revenue is derived from the United States. With a turnover of 84 million of euros in 2016, the company is led by an experienced senior management team, including Horacio Martos and Andrés Bou, Co-Chief Executive Officers and Founders, and Marc Canaleta, Chief Technology Officer and Co-Founder.
According to the CEO of Take-Two, Strauss Zelnick, “with the acquisition of Social Point, Take-Two has further diversified its business, expanded its portfolio of owned intellectual property, and significantly enhanced its position in the fast-growing free-to-play mobile gaming space.” For Zelnick, “the experienced team at Social Point shares our commitment to delighting consumers with high-quality entertainment”.
Headquartered in New York City, Take-Two Interactive Software, Inc. develops and publishes products through its two wholly-owned labels Rockstar Games and 2K. “Take-Two is one of the interactive entertainment industry’s premier publishers, whose labels are renowned throughout the world for their ability to create some of the most successful and beloved entertainment experiences on consoles and PC,” stated Horacio Martos and Andrés Bou, Co-Chief Executive Officers and Founders of Social Point. “We are thrilled to have Social Point become part of an organization that shares our commitment to quality and innovation, and we look forward to being part of Take-Two’s continued success for many years to come”, assured the founders.