Infogrames Entertainment S.A., an established leading developer, publisher and distributor of interactive entertainment, today announced it has reached an agreement to acquire control of GT Interactive Software (GTIS), a US-based company for a total investment of $135 million. This development effectively transforms the landscape of the global video games industry. As a result of this transaction, Infogrames will rank as one of the top interactive entertainment companies worldwide. This transaction is intended to benefit the shareholders of both companies. As a result of this transaction, GTIS will have enhanced financial, distribution and managerial resources and will remain listed on NASDAQ. In GTIS, Infogrames acquires an interest in seven award-winning internal development studios, among which are Humongous Entertainment, Cavedog Entertainment, WizardWorks and Reflections. Through this transaction, Infogrames will be able to expand its impressive product offerings of such franchises as Mission Impossible, Test Drive and Looney Tunes to include GTIS best-sellers like Driver, Deer Hunter, Blues Clues and Abe's Odyssey. This transaction continues Infogrames' global expansion by firmly establishing it in the North American interactive entertainment market, estimated to reach $7 billion in sales next year.