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Activision Acquires Shaba In Stock Swap

4/02/2002 02:36:00 PM Eastern

Santa Monica, Calif. - Activision today announced it acquired software maker Shaba Games to bolster its position in the game console market.

The deal will have Shaba become a wholly owned subsidiary of Activision called Shaba's Activision. Shaba's management team and several key employees will stay on after the deal is completed. In addition, Activision said the purchase should not impact its performance for its current fiscal year. Shaba's purchase price was not made public.

The Sausalito, Calif.-based Shaba has produced titles Pandemonium, Grind and Tony Hawk's Pro Skater 3.