Chicago - Extending its presence in the U.K., video game publisher Midway Games announced on Tuesday that it has acquired Newcastle-based game development studio The Pitbull Syndicate, which is currently at work on Midway's "L.A. Rush" title. Midway paid about $3.1 million for the company, offering just under 200,000 Midway shares. Founded in 1996, The Pitbull Syndicate has also developed the 5.5 million unit-selling "Test Drive" game franchise; the studio will be renamed Midway Studios Newcastle. Midway's "L.A. Rush" title for PlayStation 2 and Xbox is scheduled to ship to retailers on Oct. 10.
http://biz.yahoo.com/bw/051004/45368.html?.v=1
http://www.midway.com
http://www.pitbull.co.uk