Nordeus, the developer of the incredibly popular mobile football game Top Eleven, has been acquired by Take-Two Interactive Software in a deal worth $378 million. Take-Two Interactive is known for being the owner of gigantic publishing labels such as Rockstar Games and 2K Games. This has been a lot common as of now, with bigger markets acquiring growing development teams to build and widen their empire, with some recent examples like Moontoon being bought by ByteDance and Kolibri Games acquired by Ubisoft.
Take-Two Interactive acquires another developer
In recent years, the rise of mobile gaming has not gone unnoticed as Nordeus is the third mobile developer that Take-Two Interactive has acquired after buying Socialpoint in 2017 and Playdots in 2020.
While Serbian based mobile developer Nordeus also has two other games out: Heroic and Golden Boot boasting over millions of downloads each; its magnum opus, Top Eleven, is said to have 240 million registered users at this very moment with the number of worldwide downloads confirmed to be in the hundreds of millions. The immense popularity of this football manager simulation sparked the interest of Take-Two Interactive, resulting in them dipping their toes into the football mobile gaming industry for the first time.
Acquisition of Nordeus
Take-Two Interactive is said to pay $225m upfront in the form of cash and $90m in new Take-Two common stocks’ shares with the promise of an additional amount that could make the total cost rise up to $378m if further performance expectations are met by Nordeus over time.
It has been confirmed that the current management team will continue to oversee their respective jobs and will only report to the Senior Vice President and the Head of Mobile of Take-Two Interactive, so hardcore fans need not worry too much about major changes being made to their favourite games soon.
Michael Worosz, the Executive Vice President and Head of Strategy and Independent Publishing of Take-Two Interactive, has stated that with their latest buy, they have recognized the potential of sports mobile games and expect the deal to broaden their sports portfolio.
With the parent company of GTA developers being interested in mobile developers like Nordeus, Socialpoint, and Playdots, these are proving to be exciting times for mobile gamers.