Ubisoft acquires THQ Montreal, announces South Park: Stick of Truth will be released this yearWritten by: / / No Comments
The dust has settled a little after THQ was dissolved and its studios and intellectual properties sold off to various bidders yesterday. Ubisoft acquired THQ Montreal in the auction, along with the publishing rights to South Park: The Stick of Truth which is currently in development by Obsidian.
Reports indicate that Ubisoft bid $2.5 million for THQ Montreal and $3.265 for South Park: The Stick of Truth.
A press release issued by Ubisoft revealed that the publisher had also acquired a new, yet to be announced IP in development at THQ Montreal. THQ Montreal will be joining Ubisoft’s development teams, which are “the second-largest in-house development staff in the world with 26 studios in 19 countries and more than 6,250 people dedicated to video game production.”
Ubisoft has confirmed that South Park: The Stick of Truth will still be released in 2013. The publisher was also quick to announce that this acquisition “has no material impact on Ubisoft’s current fiscal year (2012/13).”
President of Ubisoft Montreal Yannis Mallat commented “This deal adds experienced developers to our internal creative teams at a key moment in the cycle of the video game industry.”
Read El33tonline’s report on THQ to find out more details about the auction.