Viacom Ordered To Pay $300M To Complete 'Guitar Hero' Deal

Law360, Wilmington (August 10, 2012, 7:56 PM EDT) -- A Delaware judge on Thursday ruled that Viacom International Inc. must pay a further $300 million to shareholders of the company that created "Guitar Hero" as part of their merger agreement, rejecting the media giant's various challenges against a third-party valuation of the figure.

Viacom acquired Harmonix Music Systems Inc., creator of the “Guitar Hero” and “Rock Band” video games, in 2006 for $175 million plus the promise of future “earn-out” payments based on profits from the games. Unable to agree on the amount of those...
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