August 14, 2006
RedOctane Bought for $100 Million
Posted at 10:43 pm in Industry
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Even though Activision saw a net loss of $18 million this quarter, the publisher spent $100 million on purchasing RedOctane, the studio behind the Guitar Hero series. RedOctane’s price weighed in at $99.9 million, $31 million of which was paid in cash, $30 million in Activision common stock and $40 in additional Activision stock payable over two years.