Take-Two Acquires DMA Design

Take-Two Interactive announced on Wednesday that it has acquired all the capital stock of the Scotland-based DMA Design. The development team was purchased from Infogrames Entertainment for US$11 million in cash, including the assumption of certain bank indebtedness. DMA is the creator and developer of Take-Two's Grand Theft Auto series.

Take-Two states that DMA Design will now focus on development for the upcoming Sony PlayStation2 console, the PC, and the Internet. "We are thrilled that DMA is officially part of the Take-Two and Rockstar Games family," said Sam Houser, president of Rockstar Games. "In particular, the ability to align Rockstar with a development house, such as DMA Design, that is clearly approaching video-game development in a new and exciting manner, makes this a perfect match." DMA Design will continue to work on Grand Theft Auto titles, including the upcoming GTA3D and The Grand Theft Auto Online Crime World.