Category Archives: Games

Take-Two buys games developer Social Point for $250M

Social Point, smartphone games developer from Barcelona, has been taken-over by Take-Two for $250 million. The transaction is a split of cash ($175 million) and shares ($75 million) with further earn-outs of up to $25.9 million. Deal is expected to be instantly create growth to net income per share, excluding items, in fiscal year ending March 31, 2018.

Take-Two is an interactive enttake_two_logo_106x100ertainment industry’s premier publishers, whose Grand Theft Auto, Civilization and BioShock are famous throughout the world for their ability to make some of the best and beloved entertainment experiences on consoles and PC. This transaction is a challenge for Take-Two, which so far has concentrated more on console and PC gaming, avoiding the mobile games market. The deal is a straight diversification play for Take-Two, and an recognition that there is a potential for it in the mobile games industry, especially in the area of free-to-play.

Social Point was founded in 2008. It employs 270 people. Two of its biggest hits have been Dragon City and Monster Legends, which together have had over 180 logo-social-pointmillion downloads for iOS and Android.

The acquisition of Social Point will enable Take-Two to further diversify its business, broaden its portfolio and noticeably strengthen its position in the fast-growing free-to-play mobile gaming market.

Casual Connect Eastern Europe

Casual Connect Eastern Europe in Belgrade

From 10.11 until 12.11 Belgrade will be central meeting point of gaming professionals in eastern Europe and we may say in Europe as well, as at that time will be held Casual Connect Eastern Europe.

Casual Connect Eastern Europe

Casual Connect Eastern Europe is a conference for game developers, publishers, distributors, retailers and investors. Casual Connect supports the rapidly growing games industry which entertains more than 300 million people each month and a market size of billions of dollars. According to Gartner, Inc. mobile games are the fastest-growing segment of the game industry market, with revenue expected to nearly double between 2013 and 2015 from $13.2 billion to $22 billion.

Event will cover vast area of topics related to online gaming such are cross-platform growth and monetization, legal aspects in online gaming, risk management in gaming development, game publishing checklist, user acquisition tips etc. You will hear representative of companies such are Facebook, Mail.ru, Wooga, Game Insight, Creative Mobile, Unity, Nordeus, Eipix, Vugle, Seriously, Mad Head Games etc.

Meet over 900 other games professionals, learn about best practices and trends, make new deals or find new talents at the Crowne Plaza Belgrade in Belgrade on November 10 – 12, 2014.

Polish Virtual Lego Game Startup Bloxy receives over $250k

Bloxy is an iPad / iPhone app game which is essentially a virtual Lego environment where the players can put together over 250 different pieces and build amazing structures. Lego has always been popular, but in recent times even more so, with more toys, cartoons, movies and collectibles. Here, however, you do not have to worry about pieces getting lost or eaten.

The app was developed by Polish “Next is Great”, and it just announced that it received a seed investment of $250,000. This funding was from the Polish business angel Michał Brański, a co-founder of Grupa o2, Poland’s leading media group.

Game is rather easy to handle and user friendly, so that even a 4-year-old kids have no problem in using it. It supports social sharing, and Lego works of art can be shared on Boxyworld.com. The company has announced preparation of 3D printing facility near the end of 2014, so all designs could be produced in real life.