Take-Two moves into mobile games, buys Social Point for up to $276M

Some more consolidation is afoot in the gaming industry. Take-Two Interactive, the games maker behind big titles like Grand Theft Auto, Civilization and BioShock that once rebuffed a $2 billion acquisition offer from EA, has made a definitive move into the world of mobile gaming: it has acquired Social Point, a publisher based out of Barcelona, for $250 million with additional earn-outs of up to $25.9 million.

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