The story
Venom Games was established in 2003 as successor to the previously closed Rage Newcastle, a studio of Rage Games, and headed by Peter Johnson as studio head. In 2004, the company was acquired by Take-Two Interactive. The deal's negotiations were handled by law firm Weightmans. On 25 January 2005, Take-Two Interactive announced the opening of publishing label 2K, which would henceforth manage their development studios, including Venom Games.
On 2 July 2008, employees of Venom Games were informed that the company was due to close at the end of the month. Take-Two Interactive confirmed that they were "assessing the role of Venom Games" and considering "possible redundancies", though no final decision would be made "until after the consultation with employees". Venom Games still shut down that year.
From Wikipedia’s article on Venom Games, shared under CC BY-SA 4.0.4