Atari Sells off Driver IP and Its Developer to Ubisoft
Can Ubisoft turn the Driver around?  July 14th, 2006 (12:33am) - Atari has sold off one of its top IPs, Driver, and its developer Reflections to Ubisoft for about $24 million.
The reason for the sell off is because Atari’s parent company, Infogrames has hit rough times with their profits and has been late on paying back loans to its debtors. The deal is expected to close during Ubisoft’s second fiscal quarter, which ends September 30, 2006. Most of the assets and personnel involved in the game series will be moved to Ubisoft’s ownership. However, Atari is retaining the rights to previous installments of the Driver games for three months, except for Driver: Parallel Lines, which they hold until the end of 2006. Reported by David Amirian on July 14th, 2006 (12:33am) [From: GameSpot]
More Recent News
+ Rumor Mill: Google Looking to Buy Valve (September 17, 2008 9:19am)
+ Ensemble Studios Closing Shop After Completion of Halo Wars (September 12, 2008 10:43pm)
+ MK VS DCU Cast Revealed (September 12, 2008 10:36am)
+ August 2008 NPD Numbers (September 12, 2008 10:27am)
+ DRM and Crappy Gameplay Be Damned - Spore Spreads! (September 10, 2008 7:41pm)
| 
