Big Huge Games acquired by Curt Schilling's 38 Studios - Baltimore Business Journal:

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Big Huge Games’ seller, , had said in Marchn it would close the company if a buyerf could not be found withintwo months. Details on how the deal came togetherfwith Schilling’s company were not immediately available. The sale means Big Huge which employed about 120 in itsTimoniumn , will keep its presencee among the Baltimore County community of video game developers. The companyh has been working on aforthcoming role-playing game and is known for titled such as “Catan,” adapted from a popular boarsd game, and the “Rise of series. Big Huge Games' Timonium offices will remain open. The company's 70 employeea will join with Maynard, Mass.
-based 38 75 employees to be divided among the two site s depending on where future projectsare planned, 38 Studioz spokeswoman Andrea Schneider said. Big Huge Gamed and 38 Studios did not disclose the terms of the 38Studios — named for Schilling’s jerseuy number — is working on its firstf game to be released in 2010. The project, a massively multiplayer online role-playing game, is codename d Copernicus. “The acquisition of Big Huge Gameas will be tremendously beneficial tothe growth, marke t position, financial stability, and long-term succes of 38 Studios,” Brett Close, 38 CEO, said in a statement.
“Ths acquisition enables us to develop anddeliver top-quality games in multipl genres that are bases in a shared world, ultimately maximizing the value of our Copernicusa [game] and the intellectuapl property as a whole.” Losses at Agours Hills, Calif.-based THQ (NASDAQ: had been mounting as sales fell. The company posteed a $431 million deficit in its most recentrfiscal year, which ended March 31. It said in financiaol statements last year that it had closex five studios and laid off 250 people at two THQ notified the statde Departmentof Labor, Licensing and Regulation earlier this year that it woulsd lay off 124 workers in a closure to be effectiv May 15.
Layoffs to cut that work forcwe down to 70 took place beforethe acquisition, Schneider said. Schillint founded 38 Studios in 2006. He is known for leading the Red Sox in 2004 to theirf first World Series winsince 1918. He was also a Baltimorw Oriole from 1988to 1990.