With the news of Activision acquiring Bizarre Creations today, many have become worried that the popular Project Gotham Racing franchise would be going multiplatform. That will not be the case, as Microsoft owns the PGR franchise.
A host of news and gaming sites including PSX Extreme, SPOnG, and Ars Technica are reporting that PGR will be coming to PS3 after Activision acquires Bizarre Creations; apparently they have not looked into the ownership of the franchise.
Update 1: It seems that Wedbush Morgan Securities analyst Michael Pachter is the only one who has done proper research and correctly points out that Microsoft owns the franchise for Project Gotham Racing. See the first link under Alternative Sources.
Update 2 - Correction: GameSpot reports the acquisition but does not assume Project Gotham Racing would go multiplatform. However, PSX Extreme, SPOnG, and Ars Technica make such assumptions in their reports. See Alternative Sources for their reports.
I confused GameSpot with GameDaily, which reports: "you can bet that Activision will want to bring the top-selling Project Gotham Racing to the PS3."
Update 3: GameDaily BIZ has corrected its claim regarding PGR coming to PS3. Here is the update:
GameDaily BIZ contacted Microsoft and a spokesperson said, "Bizarre Creations has been an great partner for Microsoft Game Studios and we wish them nothing but the best in the future. Project Gotham Racing is a signature racing franchise for Xbox 360 and Xbox LIVE and we plan to continue the series but we have nothing further to announce.