rec.autos.simulators

MicroProse bought by GT Interactive

JP

MicroProse bought by GT Interactive

by JP » Wed, 08 Oct 1997 04:00:00

I guess this means we are all one step further away from GP3!


> From the *** News section at www.avault.com :

> ------------------------------------------------------------
>  Reported by: Rex Mendoza

>   Sunday, October 5, 1997 - 22:44 CDT
>   GT Interactive acquires MicroProse

>   GT Interactive has announced that it has acquired
>   MicroProse (Those cool folks that brought us such
>   classics like... F15 Strike Eagle, Silent Service,
>   X-COM, etc). Gilman Louie, Chairman of MicroProse
>   said, "In evaluating a number of strategic
>   opportunities available to us, MicroProse's Board of
>   Directors and management agreed that this merger
>   with GT Interactive provided the greatest potential
>   benefits to MicroProse shareholders, employees, and
>   customers. As continuing shareholders in GT
>   Interactive, we all expect to benefit from our
>   association with GT Interactive as participants in
>   its future growth."

>   CEO and President of GT Interactive, Ron Chaimowitz,
>   said, "This acquisition strengthens our growing
>   internal development capabilities by increasing to
>   about 500 the number of people in the organization
>   dedicated to development. In addition, our
>   development organizations complement each other.
>   MicroProse has focused on PC product, and we expect
>   to be able to use our strengths in console
>   development to bring several of their key PC titles
>   to console. In addition, MicroProse's strong,
>   established brands in the simulation and strategy
>   game genres complement our action, adventure and
>   edutainment lineup, giving us one of the strongest
>   and most well-balanced product portfolios in the
>   industry."

>   So what does this mean for all those MicroProse
>   games coming out? Probably nothing, it'll just say
>   it is by GT Interactive.

>  MmmmicroProse, tasty!
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