|Send News. Want a reply? Read this. More in the FAQ. News Forum - All Forums - Mobile - PDA - RSS Headlines Twitter|
Reuters follows up on Viacom's plan to sell Harmonix, saying the Cambridge, Massachusetts-based developer behind the Rock Band series has been sold to investment firm Columbus Nova. Terms of the sale are not disclosed, but they quote Wedbush Securities analyst James Dix saying the deal will likely contribute between $100 million and $200 million to Viacom, "in large part from tax benefits and the buyer's assumption of liabilities such as write-downs on holiday sales." They also note financial statements say that Viacom's net loss from operating Harmonix for the nine months ended September 30 was $316 million. Word is: "Columbus Nova, which created Harmonix-SBE Holdings to hold the asset, is a multi-strategy investment firm managing over $10 billion of assets through its own funds and affiliated portfolio companies."
Copyright © 1996-2014 Stephen Heaslip. All rights reserved.
All trademarks are properties of their respective owners.
News CGI copyright © 1999-2014 James "furn" Furness &
All rights reserved.
Chatbear v1.4.0/blue++: Page generated 29 August 2014, 14:11.