SHARE

New York РViacom (NYSE:  VIA) sold its Harmonix music game development
studio — creator of the "Rock Band" franchise — for just $50 to
Columbus Nova, plus the assumption of $100 million in liabilities, All Things D
reported.

Viacom also reportedly received $50 million in tax benefits from
losses on its investment.

The company acquired Harmonix for $175 million in
2006, and paid an additional $150 million in achievement-based bonuses, based
on strong sales of the studio’s music-based games.

 

 

Related Links:
http://tinyurl.com/32bxwmp

(All Things D)

http://www.harmonix.com

LEAVE A REPLY