Archives

id = impenetrable drama?

| 28 Sep 2005 10:08
Related to:

The Wall Street Journal's subscription section is running a story on the running battle between id Software and part owner Adrian Carmack (no relation to John Carmack). Carmack is claiming that id has passed on several buyout offers from Activision in order to force him from the company (Carmack left id earlier this year), and reacquire his stock cheap before selling the company. Even on the cheap Carmack would receive upwards of $11 million for his stock, but given Activision's previous offer of $105 million and Carmack's 41% stake in id's stock it goes without saying that the man is staring down the fuzzy end of the lollipop at the moment. Litigation is pending.

Username:  
Password:  
Video of the Day
Featured Videos