True Crime developer snapped-up by Activision

Luxoflux gets bought.
The US-based developer of the forthcoming True Crime: Streets of LA, have been bought up by Activision. This is the latest purchase as the big publishers continue their spree of acquisitions as the competition hot’s up. Microsoft’s recent purchase of Rare is undoubtedly the most high-profile of these. The developer Luxoflux, are also working on a game of Dreamwork’s forthcoming sequel to Shrek, which is being co-developed and co-published with TDK and Activision. The cost of this purchase to Activision is unknown. Activision's executive vice president of worldwide studios, Larry Goldberg commented, "Luxoflux's strong and diverse talent pool further enhances our product development capabilities and will play a key role in Activision's continued leadership on the console platforms. Luxoflux has a proven track record in developing fun and compelling games and we are confident that their best work is yet to come."
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