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Take-Two buys leading soccer dev in latest play for mobile growth

Rockstar Games parent company Take-Two Interactive buys another mobile games dev in a big push into the smartphone market.

@DeekeTweak
Published Sat, Jun 5 2021 11:46 AM CDT   |   Updated Sat, Jul 3 2021 4:03 AM CDT

Take-Two makes a big splash in the sports mobile business with the buyout of Nordeus, the developer behind popular soccer management sim Top Eleven.

Take-Two buys leading soccer dev in latest play for mobile growth 532 | TweakTown.com
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Take-Two is on a roll lately. The company just reported record earnings in FY2021, and while FY22 will drop somewhat, it's still the second year with a $3 billion net bookings forecast. The company expects to make record-breaking earnings in FY23 and FY24, and will release a whopping 62 games in the next 3 years.

20 of these new games will be mobile titles, and now Take-Two has made a big strategic acquisition that ticks multiple boxes. The company has bought Nordeus, the dev behind Top Eleven, the world's most popular mobile soccer management sim.

Take-Two will pay up to $378 million for Nordeus with $225 million in cash and $90 million in stock. This is a significant buy for Take-Two that reinforces its 2K Sports lineup (WWE and the mega-hit NBA 2K) while also injecting tremendous value into its mobile presence.

Take-Two buys leading soccer dev in latest play for mobile growth 535 | TweakTown.com

Right now Take-Two's mobile segment consists of Social Point and Playdots, both of which are planning new titles as part of the upcoming slate.

"Our investment in Nordeus strengthens further Take-Two's mobile game business, is highly complementary to Social Point and Playdots, and broadens our sports portfolio with our first-ever soccer offerings,"said Michael Worosz, Executive Vice President and Head of Strategy and Independent Publishing for Take-Two.

"Over the last decade, Top Eleven has grown its audience, revenue, and profitability through Nordeus' introduction of live-ops and ongoing gameplay innovations that continue to drive ongoing consumer engagement. It's also incredibly exciting for Take-Two to expand our operations into a vibrant, beautiful city such as Belgrade; the local science and engineering talent in Serbia is very strong and the quality of the Nordeus team is a testament to that."

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NEWS SOURCE:ir.take2games.com

Derek joined the TweakTown team in 2015 and has since reviewed and played 1000s of hours of new games. Derek is absorbed with the intersection of technology and gaming, and is always looking forward to new advancements. With over six years in games journalism under his belt, Derek aims to further engage the gaming sector while taking a peek under the tech that powers it. He hopes to one day explore the stars in No Man's Sky with the magic of VR.

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