(Montreal, Canada - October 2nd, 2003) - On September 30, 2003, Wanadoo, a major European Internet Service Provider, sold its interactive entertainment subsidiary, Wanadoo Edition, to Microïds.
With this operation, Wanadoo becomes a shareholder to a total value of 12% of Microïds.
This transfer makes it possible for Wanadoo to focus its strategy on the emerging field of on-line games, and to firmly establish itself in the North American market through Microïds' subsidiaries Microids Canada and Microïds Distribution inc.
This partnership will strengthen the relationship and reinforce the bonds between the two entities with a new distribution agreement covering the main European markets and some joint Marketing operations promoting games on the Microïds and Wanadoo labels. Microïds already distributes Wanadoo Edition's games catalogue in Italy through its Italian subsidiary, Microïds Italia.