Social Point Acquisition to Boost Mobile Game for Take-Two

In a bid to bolster its mobile game portfolio, Take-Two Interactive Software (TTWO) bought privately held Social Point in January 2017. According to the company’s Form 10-K, it acquired Social Point “for $175 million in cash and the issuance of 1,480,168 shares of Take-Two common stock, plus potential earn-out consideration of up to an aggregate of $25.9 million in cash and shares of Take-Two common stock.” The acquisition may drive the company’s top-line revenue. Social Point has already gained popularity in the video game market with its two most successful games, Dragon City and Monster Legends. Social Point has an exciting pipeline of games that are expected to be released in the next two years.