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In August of 2003, Ubisoft acquired the rights to the Might and Magic franchise for US $ 1. 3 million after 3DO filed for Chapter 11 bankruptcy.

Ubisoft has since released three new projects using the Might and Magic brand — a fifth installment of the Heroes series, developed by Nival Interactive, an action-style game called Dark Messiah of Might and Magic, developed by Arkane Studios and a puzzle RPG called Might & Magic: Clash of Heroes, developed by Capybara Games.