Take-Two snaps up WWE license

Defunct publisher THQ hands off wrestling franchise

The WWE wrestling franchise has been picked up by Grand Theft Auto publisher Take-Two.
The license was previously held by the bankrupt THQ, and the deal - reported by Bloomberg - is said to save the company millions.

"By working together to transition development of WWE games going forward, the parties have minimised the harm to WWE and Yuke's, which have, in turn, agreed to substantial reductions of their claims," said lawyers for THQ.
Had it not been for this agreement, the lawyers said the combined claims of WWE and game developer Yuke's "would certainly exceed $30 million and might exceed $60 million.”
The deal will terminate all previous contracts allowing new agreements with Take-Two, which will hire former THQ employees that worked on wrestling games.

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