Red Mile to acquire IR Gurus

**MIG-31** · Aug 27, 2007, 04:40 PM

Source: Gamesindustry
_______________
Red Mile Entertainment announced it has entered into an agreement to purchase the remaining outstanding shares of IR Gurus.

Under terms of the agreement, Melbourne-based IR Gurus would become a wholly-owned subsidiary of Red Mile. The transaction is expected to close prior to the end of the year.

"With the expected acquisition of IR Gurus, we will own our first globally recognized original IP franchise and acquire a very talented videogame development studio," said Red Mile's chairman and CEO Chester Aldridge. "The synergies of this combination are significant, as we expect to secure high-quality and scarce development resources for our franchise titles and improve cost control by bringing development in-house."

Aug 27, 2007, 04:40 PM	#1
MIG-31 HardwareHeaven News Mod Join Date: Dec 2002 Location: Nottingham,UK Posts: 56,818 Rep Power: 471 System Specs	Red Mile to acquire IR Gurus Source: Gamesindustry _______________ Red Mile Entertainment announced it has entered into an agreement to purchase the remaining outstanding shares of IR Gurus. Under terms of the agreement, Melbourne-based IR Gurus would become a wholly-owned subsidiary of Red Mile. The transaction is expected to close prior to the end of the year. "With the expected acquisition of IR Gurus, we will own our first globally recognized original IP franchise and acquire a very talented videogame development studio," said Red Mile's chairman and CEO Chester Aldridge. "The synergies of this combination are significant, as we expect to secure high-quality and scarce development resources for our franchise titles and improve cost control by bringing development in-house." __________________ Please Post Your News Submissions Here