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Activision pays $100 million for RedOctane
- August 10, 2006 13:32 PM PST
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It's official: Activision is now the proud owner of RedOctane, publishers of the mega-hit Guitar Hero.
Guitar Hero II rocks its way to a new home
According to a Security and Exchange Commission filing, the deal involved $99.9 million in cash and Activision stock.
Announced back in May, the deal also carries the potential for a bigger payout for former RedOctane shareholders if certain financial goals are met. The company is set to release the much-anticipated sequel, Guitar Hero 2, some time this fall.