www.411mania.com
|  News |  Columns |  TV Reports |  Video Reviews |  Title History |  Hall of Fame |  News Report |  The Dunn List |
SPOTLIGHTS  SPOTLIGHTS
MOVIES/TV
// The Awesome Final Trailer For X-Men: Days of Future Past Delivers Story Details, Quicksilver
MUSIC
// Erica Mena Leans Back to Deliver a Busty Instagram Selfie
WRESTLING
// Complete WWE Smackdown Taping Results (SPOILERS)
MMA
// 411's MMA Roundtable Preview - UFC Fight Night: Bisping vs. Kennedy
GAMES
// Snoop Dogg Voice DLC Coming To Call of Duty: Ghosts




 HOT TOPICS
//  CM Punk
//  John Cena
//  Triple H
//  Hulk Hogan
//  Randy Orton
//  Christian
SYNDICATE  SYNDICATE



411mania RSS Feeds





Follow 411mania on Twitter!




Add 411 On Facebook
 


 
 411mania » Wrestling » News

Advertisement
Take-Two Officially Acquires WWE Video Game License
Posted by Jeremy Thomas on 02.13.2013



- Take-Two Interactive Software has officially acquired the WWE video game license following THQ's bankruptcy. The acquisition, which had been rumored for some time, has now been made official as revealed in court documents filed on Tuesday.

The deal will see WWE and Yuke's, the game developer that THQ brought in to help produce the games, terminate their contracts with THQ and enter into new agreements with Take-Two. Take-Two will also hire THQ's employees that work on the WWE games; the deal also wipes out damage claims that would have otherwise come about from the contracts being terminate. WWE has agreed to waive its pre-bankruptcy claims of about $45 million, as well as claims for annual royalty advances of about $7.5 million for the licensing contract that would have run through 2017.

Credit: Bloomberg



Must-read wrestling news:
* Several legends to return at WrestleMania?
* Hulk Hogan added to Wrestlecon
* How much longer will Kurt Angle wrestle?
* Updated WWE Elimination Chamber card
* Former WWE creative writer Matt McCarthy calls Vince McMahon a genius
* The Top 5 High-Flying Finishers





MUST-READ 411 STORIES:

Sting Speaks On WWE Warrior Tribute

Comics 411: Dick Grayson Edition

Irina Shayk Rocks Thong Bikini


comments powered by Disqus



 


www.41mania.com
Copyright (c) 2011 411mania.com, LLC. All rights reserved.
Click here for our privacy policy. Please help us serve you better, fill out our survey.
Use of this site signifies your agreement to our terms of use.