2K Games today announced that they had entered int an agreement to acquire Irrational Games, the makers of System Shock 2, Tribes: Vengeance and the upcoming BioShock of course.

Seems to have been a fair few acquisitions recently, another round of industry consolidation I guess.

"We saw a rare opportunity with Irrational Games, a development studio that has consistently produced creative and original games," said Christoph Hartmann, Managing Director at 2K Games. Susan Lewis, VP of Business Development at 2K Games, added, "2K Games will provide additional resources and support to the Irrational team so they may continue to deliver cutting-edge games."

"We are excited to be aligned with a publishing label like 2K Games that shares similar development goals and vision," said Ken Levine, co-founder and President of Irrational Games. "Fans will be blown away when they see the next-generation titles we are working on."