NEWS - Tuesday, April 2, 2002

Activision Acquires Shaba Games

SANTA MONICA, Calif., April 2 -- Further enhancing its internal console development capabilities and bolstering its ability to create games for the next-generation consoles, Activision, Inc. (Nasdaq: ATVI - news), today announced the acquisition of software developer Shaba Games LLC. Under the terms of the agreement, Shaba has become a wholly owned subsidiary of Activision. Shaba’s equity holders received 258,621 shares common stock in connection with the acquisition. Up to 68,965 additional shares of Activision common stock also may be issued to Shaba’s equity holders over the course of several years, depending on the satisfaction of certain performance requirements and other criteria. As part of the transaction, Shaba’s management team and key employees have signed long-term employment contracts with Activision. Activision does not expect this transaction to affect its previously announced revenue and earnings per share guidance for the fiscal year ended March 31, 2002 or for fiscal year 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.’’ Members of Shaba’s team have worked on such critically acclaimed games as Pandemonium, Grind Session and Soul Reaver: Legacy of Kain. Additionally, Shaba has worked with Activision on such games as Mat Hoffman’s Pro BMX(TM) for the PlayStation® game console and Tony Hawk’s Pro Skater(TM) 3 for the PlayStation game console. The company is currently in development on Shaun Murray’s Pro Wakeboarder(TM) for the PlayStation® 2 computer entertainment system, Xbox(TM) video game console from Microsoft and Nintendo GameCube(TM).


Site Statistics

Registered Members: 44,503
Forum Posts: 725,766
Xbox One Titles: 1,177
Xbox 360 Titles: 1,085
Xbox 360 Kinect Titles: 95
Xbox 360 Arcade Titles: 585
Original Xbox Titles: 987
Staff Reviews: 1,673
Member Reviews: 10,339
News Articles: 14,297
Screenshots: 30,998
Xbox 360 Achievements: 45,112
Xbox 360 Faceplates: 2,016
Cheat Codes: 1,706

Latest News

See News Archives

Community Forum Activity

Xbox One X World of tanks
Post by oryanphine
2 Replies, 218 Views

Xbox Playdates Canada - March 2018 Schedule
Post by Kiesey
6 Replies, 357 Views

Any info on Biomutant release?
Post by DJ tx
4 Replies, 420 Views

Xbox Playdates Canada - February Playdates Schedule
Post by Kiesey
8 Replies, 653 Views

Xbox Prototype Communicator
Post by oryanphine
1 Replies, 744 Views

Xbox One S Dragon Ball Fighterz
Post by oryanphine
0 Replies, 617 Views

Xbox One S Theme Hockey
Post by oryanphine
0 Replies, 470 Views

New Fable is coming!
Post by Shadow20002
2 Replies, 734 Views

RPG Recommendation?
Post by DJ tx
8 Replies, 765 Views

Xbox Playdates Canada - January 2018 Schedule
Post by Kiesey
5 Replies, 886 Views

Xbox 360 Summer Intern Celebration 2011
Post by oryanphine
1 Replies, 1004 Views

Xbox One X LA noire
Post by oryanphine
1 Replies, 1498 Views

Xbox One Assassins Creed Origins
Post by oryanphine
2 Replies, 1273 Views

Xbox One S Porsche 919 Hybrid Edition
Post by oryanphine
4 Replies, 1611 Views

OG Xbox on Xbox One now live!
Post by Kamshaft
5 Replies, 1784 Views

© 2000-2018 - All rights reserved. All trademarks are properties of their respective owners.
Xbox is a registered trademark of Microsoft. is not affiliated with Microsoft.

Made in Canada
Site Design by Cameron Graphics