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Harmonix Sold for $50 dollars??

by on January 4, 2011
 

The developing company of Rockband, Harmonix, was sold at a small price. According to Wall Street Journal, Harmonix was sold to Columbus Nova, an investment group, for $49.99. Columbus Nova will assume all of the expensive fees and all of the unsold games left on shelves, also they will take over all the liabilities that Viacom had for the company, the owner of Harmonix.

 Currently they are developing many items to support the Rockband franchise. With the deal first announced back in December, they are working independently with downloadable content for the Rockband games.

 The deal states that the Viacom and MTV networks who previously owned Rockband, will net $150 million in tax benefits. The major company purchased the developer for $175 million in 2006.

 Both companies didn’t comment on the selling of Harmonix. This shows the depression we are in right now in people trying to get rid of their heavy load and weight bearing down a company. Maybe this is the better investment for Viacom in selling it, but also it could work out in a good way also for Columbus Nova. We will have to see what ideas that they can come out with for Rockband in the near future.

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