Ubisoft acquires THQ Montreal
Ubisoft announced the acquisition of THQ Montreal as well as the publishing rights for the upcoming South Park: The Stick of Truth video game, being developed externally by Obsidian.
"This deal adds experienced developers to our internal creative teams at a key moment in the cycle of the video game industry," said Yannis Mallat, president of Ubisoft Montreal.
In addition to the team at THQ Montreal, Ubisoft also acquired a new, yet-to-be announced IP in development at the studio. THQ Montreal will join Ubisoft's development teams, already the second-largest in-house development staff in the world with 26 studios in 19 countries and more than 6,250 people dedicated to video game production.
This acquisition has no material impact on Ubisoft's current fiscal year (2012/13).