Fri, Jul
44 New Articles

Karanovic & Partners Advises Take-Two on Acquisition of Nordeus

Karanovic & Partners Advises Take-Two on Acquisition of Nordeus

  • 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

The oldest full service commercial law firm in Serbia, founded in 1991, JPM with three decades of experience in assisting local and international businesses presence and growth not only in Serbia but throughout the SEE region.

We have accumulated a wealth of knowledge in every industrial and corporate sector, from energy to banking, transport, manufacturing and telecommunications, while remaining true to a pioneering spirit that has always drawn us to follow the latest trends and developments in providing of our services to clients. Today we use the latest legal tech available in serving our clients and are expanding our services to clients from growing industries such as renewable energy, IT and life sciences, by offering innovative solutions and a pro-active approach to broaching new grounds.

Our expertise, experience, and commitment to professional excellence mean we are routinely involved in landmark cases and transactions, while our high standing among clients and peers sees us ranked among the leading law firms by independent guides such as Chambers & Partners, Legal 500, and IFLR1000.

We are known for working closely with clients and treating their problems as our own. Our lawyers pride themselves on being team players, fast and available, specialised in terms of practice area and industry, but versatile and creative in their thinking. We believe our advice should be tailor-made and that even the thorniest issue has a legal solution.

Our membership of Lex Mundi (the world’s premiere network of independent law firms) and the TLA (a regional alliance of leading firms from Slovenia, Croatia, Bosnia and Herzegovina, Montenegro, North Macedonia, and Serbia) means we have close working relationships with first-rate firms throughout the region and around the world, enabling us to operate as the perfect hub for SEE and other multi-jurisdictional transactions.

Firm's website: http://jpm.rs/

Our Latest Issue