Acquisition By Codemasters
On April 8, 2008, Sega announced the closure of Sega Racing Studio, although no reason was specified for the closure, it has been assumed it was due to lacklustre sales of Sega Rally Revo. At a later time, Sega announced none of the employees were folded into internal studios.
On April 25, 2008, Codemasters announced that it had acquired Sega Racing Studio.
When GRID 2 was announced, the studio was brought back up as Codemasters Racing.
Read more about this topic: Sega Racing Studio
Famous quotes containing the word acquisition:
“Wars and revolutions and battles are due simply and solely to the body and its desires. All wars are undertaken for the acquisition of wealth; and the reason why we have to acquire wealth is the body, because we are slaves in its service.”
—Socrates (469–399 B.C.)