Reports are that Take-Two has agreed to acquire the development license of World Wrestling Entertainment video games from THQ for an unknown price. The publisher will reportedly enter into new agreements with the WWE and developer Yuke’s and hire around 20 employees from THQ’s WWE production staff.
“We can confirm that we have entered into an agreement to publish the WWE video game series that is developed by Yukes [sic],” said Take-Two in a statement. “At this time, the agreement is pending court approval and we anticipate that it will be finalized shortly. We are very excited about the potential of this agreement and will have more to share at the appropriate time.”
This agreement nulls THQ’s existing contracts with WWE and Yuke’s, while Yuke’s claim against THQ for $15 to $20 million and WWE’s claim against THQ for an estimate $45 million have been waived. THQ will cease in selling existing WWE titles and pay the WWE around $650,000 in royalties for sales of titles during bankruptcy proceedings and will also transfer development equipment, software, and assets related to the franchise to Take-Two.
Source: Polygon
