Private Equity Solutions

Activision Acquires Beenox

Private Equity Fund Of Funds Publisher Activision today announced that it has acquired Quebec City based developer Beenox. Beenox is behind several Activision-published titles, such as Shrek 2, Tony Hawk's Underground 2 and Fantastic Four.

"We are excited about the talent and experience that Beenox brings to Activision," said Kathy Vrabeck, president of Activision Publishing. "Beenox's extensive porting background will be a key component of our console transition strategy by allowing us to focus our resources on next-generation technologies while continuing to develop games for current-generation systems. Quebec's expanding innovative talent pool will provide Activision with future growth opportunities."

"We are thrilled to partner with Activision and believe that this acquisition is a perfect fit for both companies," added Dee Brown, president and CEO of Beenox. "In particular, it will allow Beenox to continue to develop high-quality titles based on well-established brands."

Beenox will become a wholly owned subsidiary of Activision according to the terms of the agreement. The developer won't experience a large shakeup, either, as management and several key employees have inked long-term contracts with Activision. The 32-person strong development team will also continue to be based at its current location in Quebec City, Canada.

Viridian, the holding company for Northern Ireland's electricity, is in talks over a .62billion bid by Bahraini private equity firm Arcapita Bank.

[ Comment, Edit or Article Submission ]