THQ (NSDQ: THQI), the gaming company, has bought out online and casual games firm Elephant Entertainment, for an undisclosed amount. EE is based in Minneapolis, MN, and has games such as “Cake Mania”, “Flour Power” and others. The company plans to launch more than 20 new games this year under Elephant’s brand name. This new acquisition will sit under ValuSoft, THQ
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