PS2 News: Activision acquires new software developer - PS2 News

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Activision acquires new software developer

  Activision officially announced today the acquisition of software developer, Shaba Games LLC. As part of the transaction, Shaba's management team and key employees have signed long-term employment contracts with Activision. These terms should not affect revenue and earnings pertaining to the company's stock shares for the fiscal year of 2002 and 2003.

   Activision's Executive Vice President of Worldwide Studios, Larry Goldberg, said, "We are extremely pleased with the working relationship that has emerged over the past two years with Shaba. The company's gifted and dedicated team will be a great addition to our internal studios. Shaba's multi-platform development capabilities and expertise in action sports games makes it a tremendous asset and augments our commitment to acquire proven technical and design talent with a history of high-quality product creation."

   Shaba games has been responsible for such games as Pandemonium and Grind Session, and they've worked with Activision on such games as Mat Hoffman's Pro BMX and Tony Hawk's Pro Skater 3 for the original PlayStation. The company is currently in development on Shaun Murray's Pro Wakeboarder for the PS2.

   "We are very excited to join Activision," states Chris Scholz, president of Shaba Games. "Activision brings world-class production processes and a strong marketing and distribution infrastructure that complements Shaba's approach to game development."

4/2/2002 Matt Stensrud

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