Game Studios Sale Confirmed

Ubi Soft has confirmed that it will purchase Game Studios, as the entertainment division of The Learning Company is now know, from current owners Gores Technology Group. Gores, a company specializing in turning around trouble high-tech companies, has managed through layoff and reorganization to return The Learning Company to profitability, but did not feel the entertainment division to be a core asset. The Learning Company’s educational and productivity slate will remain under the ownership of Gores, while Game Studios assets like the up-coming Myst III title and the Strategic Simulations brand will be added to the Ubi Soft stable. Financial details have not been disclosed.