Activision Acquires Beenox
”We are excited about the talent and experience that Beenox brings to Activision,” said Kathy Vrabeck, president of Activision Publishing. “Beenox’s extensive porting background will be a key component of our console transition strategy by allowing us to focus our resources on next-generation technologies while continuing to develop games for current-generation systems. Quebec’s expanding innovative talent pool will provide Activision with future growth opportunities.”
Under the terms of the agreement, Beenox has become a wholly owned subsidiary of Activision and Beenox’s management team and key employees have signed long-term employment contracts with Activision. The 32 person team will continue to be based in Quebec City, Canada.
5/25/2005 Aaron Thomas