Harmonix Gets the Big Deal
September 22nd, 2006
We are very very happy to hear that Harmonix is being acquired by MTV. Thats a major deal for them, and we couldnt be happier for our Cambridge neighbors.
Just dont become sellouts to your new corporate overlords 
VIACOM’S MTV NETWORKS TO ACQUIRE HARMONIX MUSIC SYSTEMS, INC. FOR MTVMTV
To Expand Music-Based Offerings by Adding Creator of PS2 Hit Guitar Hero and other Top-Selling Music Gaming Franchises
New York, NY, and Cambridge, MA. - Sept. 22, 2006 - MTV Networks (MTVN), a division of Viacom Inc. (NYSE: VIA, VIA.B), today announced a definitive agreement to acquire Harmonix Music Systems, Inc., developer of the PlayStation 2 hit Guitar Hero and other music gaming titles, on behalf of MTV. Under the terms of the transaction, MTV Networks will acquire all of the outstanding stock of Harmonix for $175 million in cash. In addition, Harmonix shareholders may be eligible for incremental earn-out payments through 2008, to the extent that financial results exceed specific targets.
–thanks to Dave B. for the Scoop!
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Just a heads up. There is a GH2 demo in the latest issue of Playstation Magazine, if you can find a copy that is.
Comment by Dave — September 26, 2006 @ 8:37 pm