Infogrames to Buy Stake in GT Interactive

Infogrames Entertainment, Europe’s No. 1 maker of video game software, said it will purchase a 70% stake in GT Interactive Software Corp. for $135 million in cash and notes. One of the nation’s largest video game publishers, New York based-GT Interactive said in June it would seek a merger or a sale. The embattled company, publisher of the popular video games “Deer Hunter” and “Duke Nukem,” fired 35% of its work force last month. (Jennifer Oldham)