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Activision Purchse Grey Matter News
Chris Leyton
00/12/0000

Activision buy-out the Return to Castle Wolfenstein developer, details inside...
Activision, Inc today announced that the company has exercised its option to acquire the remaining 60% equity interest in Gray Matter Interactive Studios Inc., the developer of Activisionâs holiday season blockbuster PC game, Return to Castle Wolfenstein.
The acquisition of Gray Matter, combined with Activisionâs Raven Software studios, solidifies the companyâs industry leading position as a developer of first-person action games. Todayâs announcement, follows Activisionâs recent acquisition of Treyarch Invention, LLC.
"Activision has had a long-standing relationship with the principals at Gray Matter beginning in 1998 with the development of id Softwareâs QUAKE II Mission Pack: The Reckoning,â states Ron Doornink, President and COO of Activision, Inc. âGray Matterâs proven track record in creating some of the most memorable PC action games is aligned with Activisionâs strategy to acquire companies with a history of creating high-quality products which over time can enhance the companyâs financial operating model. Gray Matter has a very talented team of programmers, designers and artists and we are confident that the studioâs development strengths will further establish Activision as a leader in the PC action genre.â
Gray Matter Interactive Studios is an L.A.-based game developer founded by the top designers formerly from Xatrix Entertainment, the developer of such popular games as Redneck Rampage and Kingpin. Industry veteran Drew Markham has signed a long-term employment contract with Activision and will continue to manage Gray Matter studios. Additionally, key employees also have signed long-term employment contracts with Activision.
Under the terms of the agreement, Gray Matter Interactive Studios became a wholly owned subsidiary of Activision. Activision issued 133,690 shares of common stock in connection with the acquisition.






