Viacom has sold its loss making business Harmonix Music Systems to to Harmonix-SBE Holdings, an affiliate of investment firm Columbus Nova. Harmonix is the make of the “Rock Band” video games.
Financial terms of the sale were not disclosed. Viacom had announced its intention to sell Harmonix in November. The Harmonix business has been hitting Viacom’s earnings as the video games sector slowes down.
Shares of Viacom closed down 42 cents at $45.67.
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