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Take Two gave Microsoft $18M for Indie Built

jedimike

Member
http://www.gamasutra.com/php-bin/news_index.php?story=7993

More of Take Two in deep cocka

Take-Two Interactive and publishing label Rockstar are facing a large number of legal proceedings revolving around the Grand Theft Auto franchise, with multiple lawsuits pending from, amongst others, the city attorney of Los Angeles, the family of police officers killed by a man allegedly influenced by the game and class action complaints in New York, Pennsylvania and Illinois.

Some financial stuff

Also of interest is the cost of purchasing System Shock 2 and Freedom Force developer Irrational Games, which is put at $4.2 million in cash and $2.0 million of restricted stock, with other deferred considerations pushing the possible final price over $10 million, depending on performance.

It is also revealed that Top Spin developer Indie Built was purchased from Microsoft for $18.5 million in cash, a specific sum not hitherto mentioned. The company's relatively little-reported acquisition of the French firm Gaia Capital Group, believed to related to Power and Magic Development, developer of tennis title Top Spin, was also reported, for $5.7 million as well as $4.5 million in previously paid advances.

In addition, although not technically part of the company’s financial year, the cost of acquiring Civilization IV developer Firaxis was put at $26.7 million, composed of $12.5 million of restricted common stock and $0.86 million in cash. A significant $11.3 million of the total was in the form of contingent considerations based on future product sales, however.

The company’s largest purchase of the year, though, was the acquisition of developer Visual Concepts and its wholly-owned subsidiary, Kush Games, from Sega. A purchase price of $27.8 million in cash and various other costs added up to a final price of just over $32.2 million, showcasing the acquisition spending spree that the company has been on of late as it seeks to diversify.

One other notable payment was the renegotiation of a $6 million charge due upon delivery of the final PC version of Duke Nukem Forever back in March 2005. The epic delay of 3D Realms' shooter has meant that $4.25 million of the final milestone payment has already been paid, alongside the promise of a final $500,000 upon the commercial release of Duke Nukem Forever prior to December 31, 2006.
 
Of course that includes the franchises for Links (once the strongest brand in computer golf among the true enthusaists) and Amped.

It's a goddamn shame how much Microsoft weakened the Links brand by neglect. I can't blame Tiger when MS didn't even put up a fight.
 
Reading that just makes me realise that the 360 needs a GOOD golf game asap. Links 2004 is still the best golf game ever made, IMO
 
When it comes to financial stuff I'm dumb as a brick.

So anybody can explain to me what does it mean for DNF?
 
Borys said:
When it comes to financial stuff I'm dumb as a brick.

So anybody can explain to me what does it mean for DNF?

Looks like they have to get it out by the end of the year to get their half a million.
 
Borys said:
When it comes to financial stuff I'm dumb as a brick.

So anybody can explain to me what does it mean for DNF?

i means that Take 2 will not have enough money to finish the game after they get their asses sued by every single midwest state in the union
 
DNF development (hah!) continues on due to 3drealms independence. now, if TT goes under, who will publish it? i have to wonder if any developer is that patient...

as long as none of this affects Oblivion, i could really care less
 
They're fine, it's just if you want to invest in their stock don't expect a short term return on your investment. Plus the stock is more risky with all of the lawsuits.
 
Those lawsuits are POTENTIAL loss. It doesn't mean they lose. Most of the time those stupid cases don't go far. If they lose now they are in shit.
 
Haha, so 3D Realms will have to deliver Duke Nukem Forver before end of 2006, or will actually be paying Take-Two for publishing it, as I understand it now lol.

Take-Two is in for a huge payday come 2010 (optimistical view, I know). :lol
 
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