A Serbian software developer company, Nordeus, has been sold for $378 million to the U.S. company Take-Two.
Media reports quote a press release from Take-Two Interactive Software which said that it acquired Belgrade-based Nordeus for $225 million in cash and $90 million in newly issued shares of Take-Two common stock with the Nordeus founding team continuing to run the company.
“Founded in 2010, Nordeus is a mobile games company based in Belgrade, Serbia, best known for Top Eleven, the world’s most successful mobile soccer management game with over 240 million registered users,” the press release said it and quoted Michael Worosz, Executive Vice President and Head of Strategy and Independent Publishing for Take-Two, as saying that the “investment in Nordeus strengthens 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.
Nordeus’ is managed by its founders, Branko Milutinovic (executive director), Milan Jovovic (general manager), Ivan Stojisavljevic (technical director) and Tomislav Mihajlovic (general manager), who will continue to supervise the firm’s approximately 180 employees even after the takeover by the American company is finalized.
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