MTV Networks to Buy Game Maker Harmonix
From Reuters
Viacom Inc.’s MTV Networks said it would buy Harmonix Music Systems Inc., a maker of music-related video games, for $175 million in its latest move to expand its digital business.
Harmonix is the developer of Guitar Hero, a popular game on Sony Corp’s PlayStation 2, and has also come out with a line of karaoke games.
Viacom is aiming to focus more on digital media. With the Harmonix deal, Viacom will have spent at least $577 million on video game acquisitions this year.
