The THQ bankruptcy auction was finalized Wednesday with Ubisoft announcing that it walked away with the rights to "South Park: The Stick of Truth" for the PS3, Xbox 360 and PC plus THQ Montreal who is currently developing a PS4 and Xbox 720 title.
"South: Park: The Stick of Truth" is currently in development by Obsidian Entertainment and was expected to be released in March before THQ president Jason Rubin announced that it was pushed to a April to June release window. Ubisoft paid $3.2 million for "South Park" but provided no update to the release date other than to say it was expected out "in calendar 2013."
THQ Montreal was formed in 2010 and filled with more than 500 employees to develop a next-gen title for the Playstation 4 and Xbox 720. Ubisoft dropped $2.5 million on the studio and the rights to the next-gen IP.
“This deal adds experienced developers to our internal creative teams at a key moment in the cycle of the video game industry,” said Yannis Mallat, president of Ubisoft Montreal.
"THQ Montreal will join Ubisoft’s development teams, already the second-largest in-house development staff in the world with 26 studios in 19 countries and more than 6,250 people dedicated to video game production," the publisher announced in a statement.