Take-Two Interactive Software Inc. has agreed to acquire Serbian mobile-gaming company Nordeus for up to $378 million, the videogame company announced Wednesday. Take-Two says that the upfront price of $225 million includes cash and newly issued Take-Two shares, while Nordeus also has the option for earn-out consideration if the company meets earnings thresholds during the first two years. Nordeus makes “Top Eleven,” a mobile soccer-management game that has more than 240 million registered users. The deal shows continued interest in mobile gaming from Take-Two, which acquired Social Point and Playdots over the past few years to strengthen its mobile positioning. Take-Two shares have declined 12% so far this year as the S&P 500 has risen 12%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
