Sponsored By

Take-Two acquires Top Eleven developer Nordeus in $378 million deal

Take-Two Interactive has acquired Top Eleven developer Nordeus in a deal worth up to $378 million.

Chris Kerr, News Editor

June 2, 2021

2 Min Read

Take-Two Interactive has acquired Top Eleven developer Nordeus in a deal worth up to $378 million.

Based in Serbia, Nordeus is a mobile studio best known for developing and publishing soccer management game Top Eleven, which currently boasts over 240 million registered users, but has also worked on other titles including Heroic and Golden Boot. 

The deal will see Take-Two, which is the parent company of Grand Theft Auto developer Rockstar Games and publisher 2K Games, pay $225 million upfront comprised of cash and $90 million in newly issued shares of Take-Two common stock. An earn-out consideration has also been included based on Nordeus meeting certain performance targets over the next two years.

Take-Two said the move is designed to further bolster its mobile business, and that Nordeus' current management team will continue to oversee the studio post-acquisition. The purchase comes not long after the U.S. company purchased mobile studio Playdots for $192 million.

"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 Take-Two EVP and head of strategy and independent publishing Michael Worosz. 

"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."

About the Author(s)

Chris Kerr

News Editor, GameDeveloper.com

Game Developer news editor Chris Kerr is an award-winning journalist and reporter with over a decade of experience in the game industry. His byline has appeared in notable print and digital publications including Edge, Stuff, Wireframe, International Business Times, and PocketGamer.biz. Throughout his career, Chris has covered major industry events including GDC, PAX Australia, Gamescom, Paris Games Week, and Develop Brighton. He has featured on the judging panel at The Develop Star Awards on multiple occasions and appeared on BBC Radio 5 Live to discuss breaking news.

Daily news, dev blogs, and stories from Game Developer straight to your inbox

You May Also Like