THQ getting Juiced
The publisher outbids Take-Two for the rights to the late Acclaim's racing game; sale is scheduled to close Nov. 19.
Two weeks ago, Take-Two Interactive had all but sealed the deal to buy up Juiced, the promising-looking street racer from now-bankrupt publisher Acclaim. However, that arrangement has apparently since skidded off the road, crashed into the ditch, and burst into flames.
According to papers filed Wednesday night in New York, THQ has emerged as the winner in the bidding war for Juiced. The deal could worth up to $10.5 million, a half million more than the tentative $10 million deal proposed by Take-Two. THQ's victory came at the end of a bidding war that was entered into by several companies, including Midway, Namco, Atari, and Electronic Arts (who made an eleventh-hour bid). These bigwigs were in addition to Take-Two, a company that was forced to drop its bid once it became clear that it could not iron out the legal and technical issues surrounding Juiced so that the game could be released in time for the holiday season of 2004.
Under the new deal, which is set to close on November 19, THQ will release the game for the PC, Xbox, and PlayStation 2 sometime in the summer of 2005. THQ will also pay undisclosed royalties to Fund4Games, the Scotland-based venture capital group that helped fund Juiced's development.
Content you might like…
-
Major THQ franchises KIA
Juiced and Stuntman crash and burn as company decides not to pursue the brands; Frontlines PS3, next Destroy All Humans for PS2, and Concrete Games studio also terminated.
- Jan 23, 2008
Users who looked at this article also looked at these content items.
Hot Stories
Newsmakers
-
World of Warcraft target of latest suit from PSN plaintiff
San Jose man adds Activision Blizzard to growing list of courtroom opponents, takes issue with MMOG fees, alleges ill effects on mental health, seeks $1 million. Full Story
- Posted Nov 24, 2009 4:58 pm PT
- 782 Comments
-
Top US Nintendo PR exec resigns
VP of corporate affairs Denis Kaigler leaves after less than two years at Nintendo of America; no replacement yet named. Full Story
- Posted Nov 23, 2009 4:26 pm PT
- 116 Comments
Featured Stories
-
Assassin's Creed II slays 1.6 million in one week
Ubisoft says internal sales reports shows critically lauded sequel outselling original by 32 percent. Full Story
- Posted Nov 24, 2009 9:22 am PT
- 311 Comments
-
Microsoft patents in-game guide system
Researcher's 2008 patent for "User-Powered Always Available Contextual Game Help" shows Microsoft is considering an in-game guide similar to that of New Super Mario Bros. Wii. Full Story
- Posted Nov 24, 2009 5:13 pm PT
- 257 Comments
-
2 million Xbox Live users Facebooked, a-Twitter
Microsoft announces around 10% of its subscribers log onto social networks during first week of 360 integration; 1 million check out Last.fm, 1.7 million peruse Zune video store. Full Story
- Posted Nov 24, 2009 11:27 am PT
- 141 Comments
-
Datel suing Microsoft over memory-unit lockout
British maker of high-capacity, low-price storage units takes legal action against software giant, accusing it of antitrust violation. Full Story
- Posted Nov 23, 2009 5:28 pm PT
- 518 Comments
-
Modern Warfare 2 classification appealed in Australia
South Australian Attorney-General Michael Atkinson says game allows players to be "virtual terrorists;" Classification Board says no appeal has been received to date. Full Story
- Posted Nov 23, 2009 9:05 pm PT
- 267 Comments
Submit News
Related Game
Recent News
-
Blizzard game design chief Rob Pardo and lead designer Jeff Kaplan discuss acclaimed fantasy franchise's long history, from Orcs and Humans to the World...
0 Comments
Sign in / Sign up