Crytek and Warner Bros Interactive acquire Free Radical & Snoblind Studios resp.

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Crytek and Warner Bros Interactive acquire Free Radical & Snoblind Studios respectively

"We are pleased to announce that a sale completed to Crytek late last night thus preserving over 40 jobs," confirmed Cameron Gunn, administrator at ReSolve Partners.

A formal announcement is expected later today. It is not yet clear whether Crytek has acquired the whole business, including intellectual properties such as TimeSplitters and Second Sight.
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40 jobs saved at Free Radical Design // News

Capping off a day that saw Crytek officially sealing the deal with Free Radical, Warner Bros Interactive has announced its purchase of Baldur's Gate: Dark Alliance and Justice League Heroes dev Snowblind Studios. Terms of the deal were not disclosed, but the acquisition serves to strengthen the publisher's internal development effort.

Martin Tremblay, president of WBIE, said of the purchase, "The acquisition of Snowblind is an important milestone for our games business, allowing us to expand our development capabilities even further." Snowblind's latest title, the XBLA-bound Death Tank, remains on track for release, albeit without an official date.
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Warner Bros Interactive acquires Snowblind Studios - Joystiq
 
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