Take-Two Interactive Software, Inc. today announced that it has sold substantially all of the assets of its wholly owned Joytech video game accessories subsidiary to Mad Catz Interactive, Inc.The Joytech sale supposedly reflects Take-Two's previously announced plans to divest its non-core businesses. I say, it's Take-Two trimming the fat from the company body.
"The sale of the Joytech assets is consistent with one of the key goals we established in our 100 Day Plan: to develop strategic alternatives for any operations that we determined to be outside our core publishing business,"said Ben Feder, Take-Two's Chief Executive Officer. He then went on to say,
"We are particularly pleased that we accomplished this goal in a manner that will allow substantially all of our Joytech employees in the U.S. and U.K. to join Mad Catz, which is a highly respected provider of video game peripherals."
What I want to know is if this sale is going to help make the MadCatz peripherals any better. Can I get an amen? Can I?
Labels: ElectricSistaHood, Mergers-And-Sales, Ninjasistah, Take-Two, Videogames
