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Gamecock acquisition goes south on Joystiq is a lengthy article endeavoring
to untangle the complicated story of the purchase of the Gamecock Media Group by
SouthPeak in October of last year. The aftermath of that
acquisition lead to ruthless negotiations over reduced payment to vendors, which
provoked layoffs at Cyan among other things. There are
explanations from Gamecock cofounder Mike Wilson (now of Devolver)
of how this and other post-acquisition events unfolded, refuting the perception
allegedly spread by SouthPeak that Gamecock's upper management just took the
money and ran: "We have all worked in this industry for a long time, and
continue to work in it, and it's hard enough to do the right thing in this
business when your competition is bigger and almost universally more cutthroat
in its practices, without someone taking your legs out in verbal conversations
behind closed doors." The article also
includes a full interview on the topic with Mike Wilson.
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