Infogrames Entertainment has purchased GT Interactive for $135 million. Infogrames gains the right to appoint a new board of directors to GT Interactive’s board, and GT Interactive remains a Nasdaq company.
Responding to concerns among the Mac community of the takeover’s likely effect on Mac-game development, MacCentral’s contributing editor Peter Cohen quotes MacSoft spokesman Darci Nagorski: "Users shouldn’t really expect any changes at MacSoft. We’ve been a viable part of GT Interactive for quite some time."
GT Interactive controls seven internal development studios. Among these are MacSoft’s parent company, WizardWorks. Titles transferred as part of the deal include Unreal, Abe’s Odyssey and Deer Hunter. These join Infogrames existing titles, Mission Impossible and Test Drive to name two. Infogrames also controls Ocean software and all of Philips Media’s European assets. Most recently, the company purchased US-based PC game publisher Accolade for $60 million.
GT Interactives Chairman & CEO Tom Heymann said: "Joining Infogrames opens a new chapter for GT Interactive Software." GT Interactive has been suffering, its stock price falling to record lows, despite the strength of its games catalogue. Infogrames purchase comes at the right time.