Article written by Kovacs.
Published on 04/01/2011 at 01:32 PM.
Reported by All Things Digital, Rock Band developer Harmonix was allegedly sold by Viacom to investment group Columbus Nova for the opulent sum of $49.99 – the price of one copy of its latest game, Rock Band 3. Before you think the wily money-men got it for a steal, don’t forget Columbus Nova have also taken on all of Harmonix’s debt and expenses, including expensive music rights and enough plastic instruments currently sitting on store shelves to bury Luxembourg in a sea of green, red, blue, yellow and orange buttons.
Having paid $175 million (or 3.5 million copies of Rock Band 3 worth) for Harmonix in early 2006, things aren’t that bad for former parent Viacom, as the deal allows the giant media conglomerate to net in the region fo $150 million in tax benefits.
Source: All Things Digital