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Technology Stocks : THQ,Inc. (THQI)

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From: JakeStraw5/10/2006 8:47:38 AM
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THQ Announces Acquisition of Stuntman(R) Franchise
biz.yahoo.com
Wednesday May 10, 8:35 am ET

Company Strengthens Next-Generation Console Portfolio With Popular Action-Racing Property

AGOURA HILLS, Calif., May 10 /PRNewswire-FirstCall/ -- THQ Inc. (Nasdaq: THQI) today announced the acquisition of the Stuntman® franchise from Atari, Inc. Originally released in 2002, Stuntman won critical praise for its unique concept and innovative gameplay, with shipments in excess of 1.6 million units.

The Stuntman franchise is currently in development for next-generation systems at Paradigm Entertainment, creators of several well-known action games, in addition to gaming classics Beetle Adventure Racing and Pilot Wings 64.

"The concept of pulling off the incredible driving feats of Hollywood stuntmen is a natural fit for action and racing game fans alike," said Kelly Flock, executive vice president of worldwide publishing, THQ. "Stuntman is a great complement to our growing stable of original content targeting the core gamer on next-generation systems."

Additionally, the company announced that it has exercised its option to acquire Paradigm Entertainment and subject to successful due diligence, expects to close the transaction in the coming weeks.
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