Warner Bros. to buy TT Games

Warner Bros. home entertainment division on Thursday said it would buy United Kingdom-based game publisher TT Games, the business behind the Lego Star Wars series. Financial terms of the deal, which is subject to regulatory approval and final terms and conditions, were not disclosed. Warner said it had agreed to buy TT Games and TT Games Publishing. The TT Games business was established in 2005, when Traveller's Tales, one of the world's largest independent game developers, and publisher Giant Interactive Entertainment merged.

TT Games holds the video game development and publishing rights to the Guinness World Records book, and titles in its Lego development pipeline include Batman and Indiana Jones. Warner Bros is a unit of Time Warner, the world's largest media company. Warner Chairman and Chief Executive Barry Meyer said buying TT Games marks the latest step as the company expands further into the game industry. Warner's entertainment arm has been extending its portfolio of game development and distribution assets, and in September, it set up a film and video game production business involving United Arab Emirates Aldar Properties.

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