NEWS - Wednesday, May 22, 2002


Activision And THQ Expand

Activision Buys Z-Axis; THQ Buys ValuSoft SANTA MONICA, Calif. -- Activision Inc. acquired closely held Z-Axis Ltd., the developer of the Dave Mirra extreme-sports games, for $20.5 million in cash and stock. Activision said the acquisition bolsters its position in the action sports genre. The is its fourth acquisition in seven months, following the earlier purchases of Treyarch, Grey Matter Interactive and Shaba Games. As part of the deal, the Z-Axis management team and key employees have signed long-term employment contracts with Activision. Activision said it doesn't expect the transaction to affect its previously announced revenue and earnings guidance. Up to 93,446 additional shares of Activision common stock also may be issued to Z-Axis's equity holders over the course of several years, depending on the satisfaction of certain criteria. Z-Axis, of Hayward, Calif. , is currently developing Dave Mirra Freestyle BMX 3 and Aggressive Inline. The company's previous games include Dave Mirra Freestyle BMX 2 and Dave Mirra Freestyle BMX: Maximum Remix. Separately, THQ Inc. , Calabasas Hills, Calif. , agreed to purchase substantially all of the assets of ValuSoft Inc., a publisher and distributor of value-priced interactive entertainment and productivity software. ValuSoft's catalog primarily consists of family entertainment, war games and home productivity products priced between $10 and $20. Thanks To Gula From The Forums For The Heads Up!
Source: http://www.activision.com/

Comments

Site Statistics

Registered Members: 43,969
Forum Posts: 725,025
Xbox One Titles: 629
Xbox 360 Titles: 1,084
Xbox 360 Kinect Titles: 95
Xbox 360 Arcade Titles: 583
Xbox Titles: 847
Staff Reviews: 1,430
Member Reviews: 10,339
News Articles: 13,022
Screenshots: 28,654
Xbox 360 Achievements: 45,112
Xbox 360 Faceplates: 2,016
Cheat Codes: 1,706

Latest News








See News Archives

Community Forum Activity

Club for Forza Horizon 3
Post by TheOutcast-XBA
9 Replies, 410 Views

Destiny: Rise of Iron - Devil's Lair Strike Remastered
Post by Variation-XBA
0 Replies, 86 Views

Video - Destiny: Rise of Iron
Post by Variation-XBA
0 Replies, 80 Views

Interview: Kevin Carthew - Creative Director of Team17
Post by Variation-XBA
0 Replies, 64 Views

XboxAddict Gaming Club
Post by Symmetric-XBA
10 Replies, 250 Views

Article: The Art of Deus Ex Universe Artbook
Post by Variation-XBA
0 Replies, 143 Views

Call of Duty: Infinite Warfare Preview
Post by Variation-XBA
0 Replies, 160 Views

Halo Bluetooth Speaker - YES PLEASE
Post by TheOutcast-XBA
6 Replies, 374 Views

Titanfall 2 Pre Alpha Tech Test Impressions
Post by Variation-XBA
1 Replies, 305 Views

Les jeux par abonnement
Post by oryanphine
0 Replies, 286 Views

In Preparation For Horizon 3!
Post by Creeping Judas
7 Replies, 323 Views

Sword Coast Legends - A Hidden Gem
Post by Creeping Judas
3 Replies, 356 Views

Xbox Design Lab: A Neat Way To Make Xbox One Gaming Personal
Post by Variation-XBA
1 Replies, 305 Views

Xbox One S - I will indeed buy one
Post by TheOutcast-XBA
12 Replies, 551 Views

It Is Happening
Post by laughs
26 Replies, 1360 Views

© 2000-2016 XboxAddict.com - All rights reserved. All trademarks are properties of their respective owners.
Xbox is a registered trademark of Microsoft. XboxAddict.com is not affiliated with Microsoft.

Made in Canada
Site Design by Cameron Graphics