May 3^rd, 2005 (9:41am) - Activision today announced that it has acquired developer Toys For Bob. This expands the company’s internal developments efforts as it now has approx. 1,000 employees working for its internal game development studios.

Activision has worked with Toys For Bob since 2002. Most recently the companies have worked together on the upcoming children’s game Madagascar, which is based on DreamWorks Animation’s feature film. The game is slated to ship this month timed to the movie’s release. Toys For Bob is currently in pre-production on an as-yet unannounced Activision title which is expected to be released in FY 2007.

"We couldn’t be more excited about Activision’s acquisition of Toys For Bob, which will allow us to focus on what we love and do best -- create great games," added Paul Reiche III, president of Toys For Bob. "We have worked exclusively with Activision for the past three years, so we know the people, the products and the company’s intentions quite well, all of which are entirely compatible with our own team and vision."

Under the terms of the agreement, Toys For Bob has become a wholly owned subsidiary of Activision and the company’s management team and key employees have signed long-term employment contracts with Activision. The 27 person team will continue to be based in Novato, CA.

Founded in 1989, Toys For Bob is best known for developing the popular space action adventure games Star Control and Star Control II which were published by Accolade. From 1993 to 2002, the studio worked exclusively with Crystal Dynamics.