Midway Games announced today that it has acquired The Pitbull Syndicate Limited, an accomplished game development studio based in Newcastle, UK. Midway acquired the privately-held developer in a primarily stock transaction for 199,385 Midway shares, subject to potential customary post-closing adjustments. The studio is currently developing Midway’s highly-anticipated L.A. Rush (PS2, Xbox) along with additional next generation projects. The studio will be renamed Midway Studios – Newcastle.
Midway’s President and Chief Executive Officer, David F. Zucker, commented, “We have been collaborating with Pitbull on the upcoming reinvention of our Rush franchise, L.A. Rush, which we anticipate will be launching in October. This close-knit team of highly talented developers brings to Midway a successful track record, specifically the Test Drive series, of which three titles have sold over one million units. L.A. Rush will be the first title in our co-marketing relationship with MTV, and we are excited to add the creative force behind this title to our expanding internal development staff.”
