GameTap Sold, Still Alive

GameTap, Turner Broadcasting's digital distribution service for PC games, has been sold to Paris-based Metaboli, a European digital distribution service provider.

Under the agreement, the subscription-based game service will carry on business as usual. In 2009, after "a transition period," Metaboli will take direct control of the GameTap brand. Gamers will experience no interruption to their service.

"The addition of GameTap provides us a foothold in the U.S. market," said Metaboli CEO Pierre Gaudet in a press release. Turner will still hold a stake in the company.

The announcement comes less than two months after Turner announced its intention to sell GameTap by taking an $18 million writeoff.