Ubi Soft Entertainment S.A., one of the world leaders in interactive game publishing, and well-known U.S. based publisher Red Storm Entertainment, Inc., announced today their definitive agreement for Ubi Soft Entertainment to acquire Red Storm Entertainment.
Completion of the transaction is subject to customary closing conditions, including approval of stockholders of both companies and regulatory approvals, including U.S. antitrust review. Following completion of the transaction Red Storm Entertainment will be a wholly owned subsidiary of Ubi Soft Entertainment and a Ubi Soft brand, and it is anticipated that Red Storm will continue to be operated as an independent company.
It is anticipated also that most of the Red Storm Entertainment staff will remain intact in North Carolina. Red Storm?s UK office will join Ubi Soft in its Wimbledon office. All sales and distribution will be accomplished through a combined team that will be known as the Ubi Soft sales force.