Ubisoft come away from this week's THQ IP auction as the new owner THQ Montreal and with publishing rights to South Park: The Stick of Truth.
The French publisher is believed to have paid $2.5 million for the Montreal studio which, according to official auction results, is working two games; the previously-outed '1666', and a new game entitled 'Underdog'.
In an unexpected twist, the acquisition means that former Assassin's Creed and Prince of Persia creative director Patrice Désilets is returning to the company he defected from - unless he chooses to look elsewhere.
Two years ago, Ubisoft executives said they were "shocked" to discover that Désilets had quit Ubisoft to join THQ to head up the new development studio. THQ Montreal and Ubisoft Montreal became two rival firms that snatched talent to the extent that it sparked a lawsuit.
Ubisoft pledged $3.2 million for THQ Montreal and South Park - a deal that appears to have gone through in spite of a legal dispute between THQ and license owners South Park Digital Studio, who sought to take control of the game's transfer to a new developer by filing a preliminary objection to THQ's proposed sale of the license.
After two years of battling against the tide, THQ declared itself bankrupt and its assets were stripped off for sale on Wednesday. The publisher will now close completely.