Angel Studios acquired by Rockstar
Take-Two Interactive announced today that it has acquired Angel Studios for $28 million in cash and has also received 235,679 shares of restricted common stock. The upcoming Rockstar San Diego is best known for its work on the Midnight Club and Smuggler's Run franchises. Midnight Club II, Red Dead Revolver, and TransWorld Surf: Next Wave are currently in development.
"Angel has been a valued partner to Rockstar over the past three years, and we are particularly excited about our latest collaboration, Midnight Club II," said Sam Houser, president of Rockstar Games. "Angel Studios has a strong history of developing state of the art technology and exciting content. We look forward to the benefits of having Angel work exclusively for us going forward and having them as members of our talented team. Along with Rockstar North, Rockstar Toronto and Rockstar Vancouver, Rockstar San Diego will continue to develop the types of games for which Rockstar has become world-renowned."
11/20/2002 Matt Stensrud