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Take-Two offers $10.8M for Turtle Rock's Evolve, Turtle Rock attempts to buy IP for $250K

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Evolve, the cooperative action game in development at Turtle Rock Studios, has been bid upon by Take-Two Interactive as part of the piecemeal auction of THQ's franchises, according to an internal memo sent to Polygon by a former employee.

Details about the title have been slim since the collaboration was first announced in mid-2011. The developer is known for developing the original Left 4 Dead, which sounds remarkably similar to the cooperative nature of the new game. In February 2012, THQ filed a trademark for Evolve, which was revealed to be the working title of the game in THQ's lengthy bankruptcy filing.

The letter, written by executives Brian Farrell and Jason Rubin, mentions that the sale of the franchise to Take-Two isn't finalized, and is awaiting approval by the Delaware bankruptcy court judge presiding over the auction. Our reporter in the courtroom will let us know as soon as those details are finalized.

We've reached out to Take-Two to find out what their plans are for the title.

Update: Take-Two offered $10.8 million for the franchise, it was just revealed during the auction hearings. The only backup offer was from Turtle Rock itself, which put forward $250k of its own capital to try and acquire the rights.

Update 2: A Take-Two representative responded to our request, stating, "We can confirm that we have entered into an agreement to purchase the property; however, we have no further comment at this time."