StageDead | Dead
Playdots ceased operations in October 2022. Playdots (Betaworks One) is the developer of Dots, a minimalist game that was designed to be a soothing experience. The company was founded in 2013 and is based in New York, New York. On August 18th, 2020, Playdots was acquired by Take-Two Interactive. The deal was comprised of $90 million in cash, with the remaining $102 million in shares of Take-Two common stock.
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Expert Collections containing Playdots
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Playdots is included in 1 Expert Collection, including Gaming.
Gaming companies are defined as those developing technologies for the PC, console, mobile, and/or AR/VR video gaming market.
Latest Playdots News
Oct 25, 2022
PDF Bloomberg News is reporting that Take-Two is shutting down New York-based studio Playdots, the studio behind mobile hit Two Dots. In an advance notice filed with the New York Department of Labor, Take-Two indicated that 65 employees will be laid off as part of this action. It appears the central motivation of this shutdown has to do with Take-Two's $12.7 billion acquisition of Zynga. Two Dots will be maintained by Zynga in the future, and Playdots' employees are being given chances to apply for jobs at the free-to-play developer. The status of those games is not known at this time. Take-Two first acquired Playdots in 2020 for $192 million, and Two Dots featured prominently in the publisher's quarterly financial reports. Game Developer has reached out to Take-Two and will update this story when the company responds. Update: Take-Two spokesperson Alan Lewis confirmed the studios' shutdown to Game Developer, saying it was a "difficult decision" to shut down the New York-area company. "Everyone affected by this decision will have the opportunity to apply for other jobs at Zynga and those who do not find new roles will be eligible to receive severance," he explained. It's apparently Take-Two management's goal to retain as many employees as possible at other ends of the company. "We believe this difficult decision will better align our resources with the needs of the business in today’s dynamic market. The operation of Playdots’ popular puzzle game, Two Dots, will continue at another Zynga studio and there will be no disruption of service," he added.
Playdots Frequently Asked Questions (FAQ)
When was Playdots founded?
Playdots was founded in 2013.
Where is Playdots's headquarters?
Playdots's headquarters is located at 29 Little West 12th Street, New York.
What is Playdots's latest funding round?
Playdots's latest funding round is Dead.
How much did Playdots raise?
Playdots raised a total of $10M.
Who are the investors of Playdots?
Investors of Playdots include Take-Two Interactive Software, Betaworks, Tencent, Tuesday Capital, Slow Ventures and 4 more.
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