Big Huge Games acquired by Curt Schilling's 38 Studios - Washington Business Journal:

dyakonostrlin.blogspot.com
Big Huge Games’ seller, , had said in Marc h it would close the companu if a buyer could not be founfd withintwo months. Details on how the deal came togethedwith Schilling’s company were not immediately The sale means Big Huge Games, whic employed about 120 in its Timonium, Md., officw when THQ bought it a year ago, will keep its presencre among Maryland's community of videoi game developers. The company has been working on aforthcoming role-playing game and is knownb for titles such as adapted from a popular board game, and the “Risr of Nations” series. Big Huge Maryland office will remain The company's 70 employees will join with Maynard, Mass.
-basedx 38 Studios' 75 employees to be divided among the two sitesd depending on where future projecta are planned, 38 Studios spokeswoman Andrea Schneidedr said. Big Huge Games and 38 Studios did not disclose the termds ofthe deal. 38 Studios named for Schilling’s jersey number — is working on its firsft game to be releasedin 2010. The a massively multiplayer online role-playing game, is codenamed Copernicus.
“Ther acquisition of Big Huge Gamess will be tremendously beneficial tothe growth, markeg position, financial stability, and long-term succes of 38 Studios,” Brett Close, 38 CEO, said in a “The acquisition enables us to developp and deliver top-quality games in multiple genrews that are based in a shares world, ultimately maximizing the value of our Copernicuss [game] and the intellectual property as a Losses at Agoura Hills, Calif.-based THQ THQI) had been mounting as sales fell. The compant posted a $431 million deficit in its most recentfiscakl year, which ended March 31.
It said in financiao statements last year that it had closed five studios and laid off 250 people attwo others. THQ notified the states Departmentof Labor, Licensing and Regulatiomn earlier this year that it would lay off 124 workerx in a closure to be effective May 15. Layoffes to cut that work forcs down to 70 took place beforedthe acquisition, Schneider Schilling founded 38 Studios in 2006. He is knowm for leading the Red Sox in 2004 to their first World Series winsince 1918. He was also a Baltimore Oriole from 1988to 1990.