Take-Two Interactive CEO Strauss Zelnick. Photo credit: Christopher Michel on Flickr, under Creative Commons license

Video game developer and publisher Take-Two Interactive has reached a deal to acquire Playdots, a privately held gaming studio best known for its Dots line-up of puzzle games. Take-Two is acquiring the company in a $192 million deal, comprising of $90 million in cash and $102 million in Take-Two common stock. The company is funding the cash component of the acquisition from existing cash on its balance sheet.

Playdots is a New York-based gaming upstart founded in 2013. It’s responsible for three popular puzzle games, Dots, Two Dots and Dots & Co, which have overall been downloaded over 100 million times. Among the three games, Two Dots is the most popular, with over 80 million downloads. Currently, Playdots has about 70 employees including its CEO, Nir Efrat, who’ll remain and lead the gaming studio following the completion of Take-Two’s acquisition.

As a private company, Take-Two has raised $10 million in known funding. Its backers include the likes of Tencent, Greycroft, Slow Ventures, and Northzone.