Take-Two Acquires Sega Game Studios for $24 Million

Tuesday, January 25, 2005

Take-Two Acquires Sega Game Studios for $24 Million

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Video game publisher Take-Two Interactive Software Inc on Tuesday said it bought Sega Corp.'s sports game development studios, Visual Concepts Entertainment and Kush Games, for about $24 million.

The cash purchase includes the rights to the 2K sports video game brand.

Under the deal, Take-Two and SEGA also will collaborate to bring sports titles developed by Visual Concepts to SEGA's arcade business.

The companies said they also are in talks for SEGA to publish and distribute the 2K series of sports titles and other Take-Two games in Japan and elsewhere in Asia.