US video game maker Take Two, has acquired the developer Spanish Social game Point SL 250 million, in a transaction that will be held in cash and stock owner of the saga of “Grand Theft Auto “.
The agreement includes $ 175 million in cash and the rest in shares of Take Two . In addition, it includes a potential outlay of $ 25.9 million for the founders of Social Point that will depend on the future profitability of the company acquired, Take Two said in a statement.
Social Point, founded in 2008 and based in Barcelona, ??has more than 270 employees. Among its most successful games d staking “Dragon City” and “Monster Legends”, which have been downloaded over 180 million times on iOS and Android platforms.
The founders of Social Point, the co-CEOs Andrés Bou and Horacio Martos, remain in the company when the sale, expected in the fiscal year ending March 2018 is closed.