01
Fri, Nov
45 New Articles

Karanovic & Partners Advises Take-Two on Acquisition of Nordeus

Karanovic & Partners Advises Take-Two on Acquisition of Nordeus

Serbia
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

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.

Serbia Knowledge Partner

SOG in cooperation with Kinstellar is a full-service business law firm in Serbia that provides foreign and domestic clients with premium-quality legal advice and assistance across a wide range of key areas of corporate law. The firm was founded in 2015 by a group of seasoned, internationally-trained lawyers. SOG has developed a distinctively dynamic culture, bringing together top talent, fostering entrepreneurship, and maintaining exceptional relationships with its clients.

SOG has achieved consistent growth in the volume of its business, accompanied by an exponential increase in the number of hired associate lawyers and the firm’s network of business contacts. SOG has a robust client base of multinationals, investment and private equity firms, and financial institutions. Clients praise SOG for being commercially minded, very responsive and knowledgeable.

Establishing permanent cooperation with Kinstellar is part of realising SOG's long-term development strategy to be the leading provider of legal services in the Western Balkans market.

Firm's website: https://www.kinstellar.com/

 

Our Latest Issue