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Take-Two Acquires Sega Sports Game Studios for $24 million

25 January 2005 21:55 by James "Dela" Delahunty | 1 comment

Gaming Company Take-Two Interactive have announced that they have Acquired Sega's sports-game studios, Visual Concepts Entertainment, and Kush Games for about $24 million. As part of the deal, Take-Two gets the rights to Visual Concepts' 2K series of titles. Take-Two will launch products under a label, 2K Games, for consoles, PCs and handheld games. A few titles planned earlier under Take-Two's Global Star label will now be released under the new label. Lately there has been intense rivalry in the Gaming Business between competitors in a bid to get the rights to use Baseball Players in their games.

Electronic Arts have signed a deal with ESPN to develop new games using ESPN properties whereas Take-Two are making a deal with the Major League Baseball Players Association to portray Baseball Players in their video games, a deal which will be worth around $200 million. Take-Two and Sega will work jointly to bring sports titles developed by Visual Concepts to Sega's arcade business. "We will continue to aggressively pursue our strategy to gain market share with our 2K Sports titles," Take-Two President Paul Eibeler said. "These studios and their unrivaled talent represent a significant addition to Take-Two's internal development capabilities, which are now approaching 1,000 people worldwide."

Source:
News.com

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Ludikhris (Inactive) 25 January 2005 23:27
WOOT more competition!!! (that means better games for us) YAY!!! Ludikhris [ + quote]