A letter sent out to THQ employees from THQ CEO Brian Farrell and company president Jason Rubin says that Ubisoft has agreed to purchase THQ Montreal and South Park: The Stick of Truth.

Updated with official press release from Ubisoft.

THQ's assets are being auctioned off to other entities, so it's only natural that gamers want to know the fate of the games that were under the company's banner. One of the games in question is the highly-anticipated South Park: The Stick of Truth, the RPG starring everyone's favorite foul-mouthed kids from the TV show. The letter from Farrell and Rubin state that the game, along with THQ Montreal, have been sold to Ubisoft.

— Hunter (@DDInvesting) January 23, 2013


According to Digital Spy, however, South Park Studios has a problem with the sale and says the game cannot be auctioned off without their approval.

We'll give you more info on this and other news regarding the sale of THQ's assets.


Company Also Acquires Rights To South Park:
The Stick Of Truth

PARIS, FRANCE – January 23, 2013 – Today, Ubisoft announced the acquisition of THQ Montreal as well as the publishing rights for the upcoming South Park: The Stick of Truth video game, being developed externally by Obsidian.

“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
In addition to the team at THQ Montreal, Ubisoft also acquired a new, yet-to-be announced IP in development at the studio.  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.

South Park: The Stick of Truth
South Park: The Stick of Truth is being developed by Obsidian Entertainment, the studio behind Fallout: New Vegas, and is scheduled for release in calendar 2013.

This acquisition has no material impact on Ubisoft’s current fiscal year (2012/13).