Clancy’s Red Storm bought by French vidgamer Ubi Soft

Cyberbiz Brief

French vidgame maker Ubi Soft Entertainment (“Rayman”) has acquired Red Storm Entertainment, the game publishing venture founded by techno-thriller author Tom Clancy, for an undisclosed figure.

Once deal closes, North Carolina-based Red Storm will serve as a subsid of Ubi Soft and continue operating as an independent company with much of its present staff of 100 employees.

Red Storm’s U.K. office will be merged with Ubi Soft’s Wimbledon office. Sales and distribution will be handled by Ubi Soft’s sales force.

Red Storm is best known for developing games based on Clancy’s novels and ideas, including “Rainbow Six” and “Rogue Spear,” which combined have sold over 3 million copies for the PC, Sony PlayStation and Nintendo platforms. Company generated $52 million in revenues last year.

As part of the transaction, Clancy has entered into a new exclusive, long-term license and endorsement agreement with Red Storm and Ubi Soft for all video and computer gaming platforms and products. Since May, Ubi Soft has also acquired Sinister Games and Grolier Interactive.

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