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Ubisoft acquires new IP in THQ auction, THQ Montreal, South Park confirmed

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Ubisoft has acquired the rights to a new intellectual property in addition to its previously reported purchase of THQ Montreal and South Park: The Stick of Truth, the company announced.

The new IP has yet to be announced. THQ Montreal's team will join Ubisoft's already bulging number of 6,259 people across 26 studios worldwide.

"This deal adds experienced developers to our internal creative teams at a key moment in the cycle of the video game industry," Yannis Mallat, president of Ubisoft Montreal, said.

South Park: The Stick of Truth will continue external development under Obsidian. The game is still scheduled for release this year.

South Park Digital Studios LLC's objection to the THQ sale, which would have required their consent to to transfer the South Park license, was seemingly denied. Included in Ubisoft's assumptions was the license agreement, as well as a contract for concept artist Jeff Delgado and the developer agreement with Obsidian.

Ubisoft bid a reported $2.5 million for the purchase of THQ Montreal, and another $3.265 million for South Park.