Microsoft Buys Out Gaming Company BigPark
Microsoft Corporation (NASDAQ:MSFT) has acquired gaming company BigPark Inc., based in Vancouver, British Columbia. BigPark started in 2007 by former executives at Electronic Arts Canada and Distinctive Software Inc. Between the executives they have about 80 years of gaming experience. They had contributed to the production of games such as FIFA Soccer, Need for Speed, NBA Street, and SSX.
Through the acquisition, BigPark executives will be joining Microsoft’s Game Studios where they will work specifically on the Xbox 360 console. “We are delighted by the opportunity to welcome the BigPark team into Microsoft Game Studios,” stated Phil Spencer, General Manager of Microsoft Game Studios. “The team is composed of some of the most experienced and creative minds working in the industry today. The combination of the BigPark and Microsoft Game Studios talent pools will be an accelerant for growth and innovation. We believe BigPark has tremendous potential to create new properties and innovative gaming experiences for our platforms, one of which we’re looking forward to showcasing at the E3 Expo in June.”
BigPark was started by Wil Mozell, Hanno Lemke, and Don Mattrick. Mattrick was the SVP of the Interactive Entertainment Business division at Microsoft. Microsoft was aware of Mattrick’s investment in BigPark before the acquisition.
[via TradingMarkets.com]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry