GT Interactive Joins Infogrames

Though an announcement is not expected until sometime Tuesday, MCV is reporting that Infogrames has completed its acquisition of a majority stake in GT Interactive. It is expected that GT will continue to operate as a separate company and will maintain its NASDAQ listing, but details on the consolidation of the company won't be released until the deal is formally approved by the shareholders. Infogrames had earlier picked up publishers Accolade and Gremi, and the GT purchase will add developers like Reflections, Cavedog, and Singletrac to its slate.