Junction Point Studios Acquired By Walt Disney

Austin, Texas-based Junction Point Studios has been acquired by Walt Disney's Disney Interactive Studios. Disney said Thursday evening that it has acquired Junction Point Studios, but did not disclose financial terms of the deal. Disney said that Junction Point Studios will create new video game franchises for next generation gaming platforms. Junction Point is headed by video game designer Warren Spector. Junction Point is currently working on a yet to be announced next-generation development project, Disney said in announcing the deal.