GoD Bought

Gathering of Developers is becoming a wholly owned subsidiary of Take-Two Interactive. The deal has Gathering operating autonomously and continuing to handle its properties and games in North America. The arrangement gives Gathering better access to Take-Two's extensive European and North American distribution network while Take Two gains Gathering's top end PC and console game catalog. The two companies have been working together since the founding of Gathering in 1998, when Take Two provided part of the company's initial funding. That relationship expanded in 1999 when Take Two took a minority stake in GoD. Take Two has signed a five year contract with Gathering CEO Mike Wilson and and a three year deal with Gathering President Harry Miller to keep them on in their current positions. Gathering's management will stay in place to continue the development of the company's catalog. "Our alliance with Take-Two allows us to offer an even stronger developer deal that includes greater distribution, stronger capital reserves, and console publishing expertise," said Miller. Financial terms of the acquisition were not disclosed.