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THQ Closes Acquisition Of Paradigm Entertainment Published by sjohn on Tuesday, July 25, 2006
Acclaimed Studio Scheduled to Bring Popular Stuntman Franchise To Next-Generation Systems in Fiscal 2008
AGOURA HILLS, Calif., July 25, 2006, - THQ Inc. (NASDAQ: THQI) today announced that it has completed its previously announced acquisition of Paradigm Entertainment. The all cash transaction closed Friday, July 7, 2006.
Paradigm is currently working on Stuntman for next-generation systems and is slated to unveil the game later this year.
Other terms of the transaction were not disclosed.
About Paradigm Entertainment
Founded in 1997, Paradigm Entertainment is based in Dallas, Texas. Consisting of a number of industry veterans, the team has created a variety of well-known action games including the gaming classics Pilot Wings 64, Beetle Adventure Racing and SpyHunter. More information on Paradigm Entertainment can be found at www.pe-i.com.
About THQ
THQ Inc. (NASDAQ: THQI) is a leading worldwide developer and publisher of interactive entertainment software. The company develops its products for all popular game systems, personal computers and wireless devices. Headquartered in Los Angeles County, California, THQ is a top producer of original intellectual properties including titles such as Destroy All Humans!®, JuicedTM, MX vs ATV and Titan QuestTM as well as the upcoming Saints RowTM and Company of HeroesTM. More information about THQ and its products may be found at www.thq.com and www.thqwireless.com. THQ, THQ Wireless, Paradigm, Company of Heroes, Destroy All Humans!, Juiced, Saints Row, Stuntman, Titan Quest and their respective logos are trademarks and/or registered trademarks of THQ Inc.
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