Vivendi Universal Games Acquires High Moon Studios

    LOS ANGELES, Jan. 5 /PRNewswire/ -- Vivendi Universal Games (VU Games)
 today announced that it has completed the purchase of leading independent
 developer, High Moon Studios.  Under the agreement, VU Games will retain High
 Moon's team of more than 100 development professionals, as well as rights to
 the studio's intellectual properties.  John Rowe, president and CEO of High
 Moon, will continue to manage the studio from its state-of-the-art facility
 located in Carlsbad, CA.  Financial terms of the transaction were not
 disclosed.
     "VU Games and High Moon are already collaborating on a
 soon-to-be-announced project based on a major entertainment license," said
 Bruce Hack, CEO of VU Games.  "Our acquisition of the studio is another major
 step forward in building the company's position as a leader in next generation
 console games."
     Over the past year, High Moon earned numerous accolades for its
 development accomplishments.  In December, High Moon was named among the "Top
 50 Technology Innovators of 2005" by IT Week for applying Agile Methodology to
 its development of next-generation games.  The studio's adoption of the
 innovative R&D method also earned it a "2005 Workplace Excellence Award" from
 the San Diego chapter of the Society for Human Resource Management.  High
 Moon's critically acclaimed first-person shooter Darkwatch has been recognized
 with several art and animation awards, including five Davey Awards, two Aurora
 Awards and a Telly.
     "High Moon has assembled an experienced team of development professionals
 who are passionate about creating compelling interactive entertainment for
 audiences around the world," said John Rowe, president and CEO, High Moon
 Studios.  "We are happy to be a part of Vivendi Universal Games, and we
 believe that the acquisition is a very positive step for the growth of our
 studio."
     High Moon Studios, LLC was represented in this transaction by Daniel H.
 Petree of P2 Partners, and by ECA Securities, LLC, an affiliate of Europlay
 Capital Advisors, LLC.
 
     About High Moon Studios
     Headquartered in the coastal city of Carlsbad in San Diego County,
 California, High Moon Studios employs more than 100 game developers at a
 state-of-the-art, fully equipped game development facility.  High Moon is best
 known for its critically acclaimed first-person shooter "Darkwatch," and is
 currently working on additional original properties for next-generation video
 game consoles.  For more information on High Moon Studios, please visit
 www.highmoonstudios.com.  For more information and a dedicated forum on
 "Darkwatch," please visit the official web site at www.darkwatch.com.
 
     About Vivendi Universal Games
     Vivendi Universal Games (www.vugames.com) is a global developer, publisher
 and distributor of multi-platform interactive entertainment.  The company is a
 leader in the subscription-based massively multi-player online (MMO) games
 category, holds leading positions in the PC, console and handheld games
 markets, and is an emerging player in mobile and wireless games.  Its
 development studios and publishing labels include Blizzard Entertainment(R),
 Radical Entertainment, Sierra(R) Entertainment, Massive Entertainment(TM) and
 Swordfish Studios.  VU Games' library of over 700 titles features owned
 intellectual properties including Warcraft(R), StarCraft(R), Diablo(R) and
 World of Warcraft(TM) from Blizzard Entertainment; Crash Bandicoot(R), Spyro
 The Dragon(R), Empire Earth(R), Leisure Suit Larry(TM), Ground Control(R) and
 Tribes(R).  VU Games also maintains strategic relationships with industry
 leading content partners, including Universal Music Group, NBC Universal,
 Twentieth Century Fox, and Ludlum Entertainment.
 
 

SOURCE Vivendi Universal Games

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