|
MUMBAI:MTV Networks, a unit of Viacom Inc., has announced,
that on 27 October 2006, it closed its $175 million acquisition
of Harmonix Music Systems.
Harmonix Music Systems is the developer of the PlayStation
2 hit Guitar Hero and other music gaming titles. The
Company has announced that it had reached a definitive agreement
to acquire Harmonix on 22 September 2006.
In addition, Harmonix shareholders may be eligible for incremental
earn-out payments through 2008, to the extent that financial
results exceed specific targets, asserts an official release.
Harmonix is a videogame development company based in Cambridge,
MA. The company specializes in music-based games and design
innovation.
Harmonix will join MTV Networks' Music and LOGO Enterprises
unit, led by executive vice president Jeff Yapp, as stated
in the release.
| 
