Take Two Acquires Sega Game Studios
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One day after announcing an exclusive deal to be the official video game vendor for Major League Baseball, Take Two announced it has finalized plans to purchase Sega's sports game development studios, Visual Concepts Entertainment and Kush Studios, for $24 million.
The deal includes the rights to Sega's 2K sports brand, and the two companies will work together to expand the line of games to Sega's arcade game business. Talks are underway to allow Take Two to also distribute Sega's games in Japan and throughout Asia.