Midway Games, based in Chicago, will acquire The Pitbull Syndicate, based in Newcastle for 199,385 shares of Midway (roughly $3.1 million based on current share price) to Pitbull owners.
In addition, Midway has agreed to provide 25,146 in additional shares to key employees as retention incentives. Pitbull employees who will receive retention incentives […]

Autodesk, creator of 3D Studio Max, has announced that it will acquire Alias, creator of the competing 3D tool Maya for $182 million in cash.