Harmonix sold for $49.99

Maker of Rock Band sold for price of a game
Text: Bengt Lemne
Published 2011-01-04

All Things Digital reports that the deal that saw Viacom selling game developer Harmonix to Columbus Nova saw a mere $49.95 changing hands. According to the post the deal was structured in a way that saw Viacom netting tax benefits of around $150 million and Columbus Nova inheriting old stocks of Rock Band 3 and instruments that are sitting on warehouse shelves as well as expensive music licenses. But no matter how you look at it the $175 million Viacom paid for Harmonix and the bonuses they paid out former owners amount to a rather poor deal overall for Viacom...

Harmonix went for as much as a copy of Rock Band 3. How symbolic.

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