Updated: January 23, 2013 11:02 AM | By The Canadian Press, thecanadianpress.com

Software firm Ubisoft acquires THQ Montreal

MONTREAL - Software company Ubisoft said Wednesday it has acquired THQ Montreal as well as the publishing rights for the upcoming video game South Park: The Stick of Truth being developed by Obsidian.

MONTREAL - Software company Ubisoft said Wednesday it has acquired THQ Montreal as well as the publishing rights for the upcoming video game South Park: The Stick of Truth being developed by Obsidian.

Financial terms of the deal were not immediately available.

The company said the deal will see THQ Montreal join Ubisoft's development teams.

"This deal adds experienced developers to our internal creative teams at a key moment in the cycle of the video game industry," said Yannis Mallat, president of Ubisoft Montreal.

Ubisoft is a producer, publisher and distributor of video games with more than 6,250 employees around the world.

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