Rage Acquires

Acquisitive Rage is expanding further to position itself for a push into handheld, Internet, and mobile games. The company has spent $5.5 million, which is to be financed through the issuing of 6.5 million Rage shares, to acquire new studios in Scotland and Leeds, while also taking a 20 percent stake in newly formed handheld developer Denki Ltd. Rage has signed DMA Design founder David Jones to oversee its new Scottish operations. Rage also formed a new Leeds studio in a $3.2 million deal with conversion specialist house RGB Tree. "The development of on-line Internet gaming platforms and [wireless application protocol] devices provide us with significant new opportunities to ensure mass-market penetration for our titles," says Rage's Paul Finnegan.