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Karanovic & Partners Advises Take-Two on Acquisition of Nordeus

Karanovic & Partners Advises Take-Two on Acquisition of Nordeus

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Karanovic & Partners has advised Take-Two Interactive on its acquisition of Serbian mobile game developer Nordeus.

Nordeus is based in Belgrade and is best known for Top Eleven, a mobile soccer management game with over 240 million registered users. Take-Two Interactive is a developer, publisher, and marketer of interactive entertainment, developing and publishing products through, among others, Rockstar Games, 2K, Private Division, Social Point, and Playdots.

According to Take-Two, the total consideration for the deal is up to USD 378 million in cash, stock, and a potential earn-out. It further informed that "the upfront price of USD 225 million is comprised of cash and USD 90 million in newly issued shares of Take-Two common stock."

“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,” commented Executive Vice President and Head of Strategy and Independent Publishing for Take-Two Michael Worosz.

Karanovic & Partners’ team included Senior Partner Rastko Petakovic, Partners Milos Jakovljevic and Goran Radosevic, Senior Associate Marko Culafic, and Associate Miljana Tomic.

Karanovic & Partners did not respond to an inquiry about the deal.

Karanovic & Partners at a Glance

Karanovic & Partners is a regional legal practice in Southeast Europe with a tradition spanning over 25 years and cooperating offices in Serbia, Slovenia, Croatia, Bosnia and Herzegovina, Montenegro, North Macedonia, and Albania. With more than 150 attorneys at law working together across the region, we take pride in our work, dedication, and understanding of our clients' industries and needs.

We work with some of the most respected and reputable businesses in the world, banks, as well as governments, state-owned entities, start-ups, and NGOs. We see our clients as long-term partners. We focus on straightforward solutions and tailor-made advice. Lawyers cooperating with us are fully immersed in our clients’ culture and industry to ensure that the work is delivered intelligently and reliably.

In our company culture, excellence is a must. We are reliable, adaptive, and fast. We operate under the “one team” principle, combining our regional reach and local know-how to deliver coordinated legal advice necessary for achieving our clients’ goals.

We are ambitious to propose innovative legal solutions and we are at the forefront of legal developments in Southeast Europe, pioneering new areas of the law and paving the way for new practices and regulations.

Firm's website.