Take-Two today announced that they have sold “substantially all” of their Joytech video games accessories company to Mad Catz Interactive as part of a previously announced plan to ditch “non-core” businesses.
“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.
“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.”
They like that “substantially all” phrase don’t they?
Take-Two Interactive Software, Inc. Announces Sale of Joytech Video Game Accessories Subsidiary [Take Two]
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