Take-Two acquires CD Verte

Take-Two acquires CD Verte is today’s industry move, and it is one more reminder that the games business is growing up fast, whether it is ready or not.

it has acquired all of the capital stock of CD Verte, S.p.A. for $2.2 million, consisting of cash and a promissory note, the payment of which is contingent upon the future financial performance of the acquired entity. CD Verte, headquartered in Milan, is a leading Italian publisher and distributor of entertainment software. The Company expects the acquisition to be accretive on a go forward basis, and in conjunction with the acquisition, the Company hopes to take advantage of certain Italian investment tax credits.

It is business news, sure, but these moves shape what games get made, what stores carry them, and who is still standing next year.