THQ Buys Volition

Champaign, Illinois, based Volition is now a part of THQ. The publisher bought the Parallax Software spin off in exchange for stock and assumed $500,000 in net liabilities. "Volition is a strategic addition to THQ's business,'' said THQ CEO Brian Farrell, "Their technological capability and creative talent have brought about some of the most original, innovative gameplay in the industry." The deal, which also includes Volition's Parallax Online game matching service, was finalized on August 31. Volition is currently working on Summoner and Red Faction for PC and PS2.