Never saw the news for this, and stumbled across it on Bethesda's blog.

From BethBlog.com

During the kickoff for QuakeCon 2010 today, Pete Hines took the stage to introduce the newest member of the ZeniMax family — Arkane Studios.

More details on the acquisition can be read in the press release that went out today. Find it after the break…ROCKVILLE, Md., Aug. 12/PRNewswire/ — ZeniMax Media Inc., parent company of noted game publisher Bethesda Softworks, today announced it has completed the acquisition of veteran game developer Arkane Studios.

Founded in 1999, Arkane has offices in Lyon, France and Austin, Texas and is led by co-creative directors Raphael Colantonio, Arkane’s founder and CEO who will also serve as president of Arkane, and Harvey Smith, lead designer on Deus Ex. Arkane’s first title, Arx Fatalis, was released in 2002 and became a fan favorite with its highly detailed environments and innovative gameplay. In addition, Arkane developed Dark Messiah of Might and Magic (PC version), and has collaborated on a number of high profile game projects, including Bioshock 2. Arkane is currently working on an unannounced project with Bethesda Softworks.

Read the rest, here.

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