It's been expected for a little while now but today Turner Broadcasting has announced that it is now selling its Gametap PC game download/subscription service over to European based Metaboli, the owners of their own game download provider. Gametap will continue to use its name and web site for its US operations while Metaboli's name will be used for their European business. Financial terms were not disclosed.

Turner Broadcasting launched Gametap in 2005 allowing folks to play older PC games and even old console games under PC emulation for a monthly fee. Later the company allowed folks to play a number of their games for free (with ad support) and also offered permanent paid downloads of games. They also released new and original titles like the Sam and Max series and more recently American McGee's Grimm. Turner will continue to support and maintain the Gametap web site until early 2009 when Metaboli will take over completely. Gametap's US offices in Atlanta will still remain under the new Metaboli ownership deal and Turner will be an equity investor in the business.