On the heels of E3 effectively becoming a non-event, we have word that AGC has been swallowed up by the suddenly borg-like CMP, who currently run GDC.

SAN FRANCISCO – Oct. 9, 2006 – CMP Technology, the premier global marketing solutions company serving the technology industry, and parent company of the industry-leading Game Developers Conference (GDC), has acquired The Game Initiative, a producer of conferences and events targeting game industry professionals. The deal, effective immediately, will allow CMP to expand its offerings to the burgeoning game development community in the areas of online game development, casual games, and other topics that the Game Initiative serves so well.

The Game Initiative’s crown jewel, the Austin Game Conference (AGC), took place September 6-8, with 2400 attendees and 150 vendors, featuring top-caliber speakers including Michael Dell, Jon Landau and Rob Pardo. The CMP Game Group looks to build on the success of the AGC, by leveraging their deep conference management experience, marketing resources, and exhibitor support from the industry-defining GDC.

I’m really hoping this doesn’t mean that the price of AGC quadruples. But I’m not getting my hopes up.