SouthPeak going public

Monster Madness publisher to join ranks of publicly held companies, total price tag pegged at roughly $31 million.

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The publisher of Two Worlds is about to enter a new world of its own. SouthPeak Interactive has announced plans to combine with Global Services Partners Acquisition Corporation to form a new, publicly held company.

The new company will be called SouthPeak Interactive Corporation, and will retain core management. Chairman Terry Phillips will take the same role with the new company, while president and CEO Melanie Mroz will be the new corporation's CEO.

GSPAC valued the publisher at $31 million, to be paid at closing with 5 million shares of its own common stock (valued at over $5 per share) and $5 million in cash. For its current fiscal year (which ends June 30), SouthPeak expects to bring in nearly $30 million in revenues, with nearly $4.5 million in earnings before taxes. The deal is expected to close in April.

Discussion

36 comments
xxxxTRISTAMxxxx
xxxxTRISTAMxxxx

This company should go public, acutally with all the crappy games they make like Raven Squad they should be hidden from the public and never heard of again. This game has some of the worst acting ever.

mergedsalem23
mergedsalem23

I'm glad I didnt purchase the game two world, I had high hope's for this game, and now another company willing to merge with SouthPeak good luck GSPAC.

NemaLive
NemaLive

Two world was an awsome old skool RPG style game, cant wait for the expansion. Hope this merger dosnt effect it

Shattered_Dead
Shattered_Dead

Oi, we should have whoever gave "Two Worlds" the thunbs up and ho gave it to retailers hung, seriously, the game is as awful as "Hour of Victory"! Monster Madness was pretty much an insult to "Zombies Ate My Neighbors", the game itself was pretty average if you managed to dig enough into it, but it's never going to be saved, especially if there is a PS3 version coming out

Pedro7_2000
Pedro7_2000

Look at it this way...instead of 2 companies going bankrupt, now only 1 will.

Calmed_Fury
Calmed_Fury

Two Worlds was terrible!!! I played through that thing and it was full of bugs and glitches. It was a broken game. 2 of the achievements couldnt be unlocked because they were glitched. This game should have never been shipped!!!

mrkame16
mrkame16

can hurt to invest in there stocks, face it, dumb people buy dumb games, and money doesnt discriminate.

Jim_The_Rebel
Jim_The_Rebel

Well that shouldn't matter too much on the progress of the expansion, still coming out in August! Can't wait!!!!!!!!

KhanhAgE
KhanhAgE

Don't knock the people who make bad games. Knock the idiots who actually buy them.

codablack
codablack

maybe two worlds wasn't the greatest, but they sold enough copies to warrant making an expansion for the game. go figure.

ElectrolightSH
ElectrolightSH

[This message was deleted at the request of the original poster]

ElectrolightSH
ElectrolightSH

[This message was deleted at the request of the original poster]

ElectrolightSH
ElectrolightSH

Well Two Worlds sucked and from what I heard was missing a world any way, makes you wonder why it was called Two Worlds in the first place.

Extreme124
Extreme124

I never played any of their games eather, AND ITS STAYING THAT WAY, TAKE TWO WORLDS 4 AND EXAMPLE

DaLegendKilla92
DaLegendKilla92

I never played any of their games....never even heard of Southpeak....

fathed102
fathed102

Guys they are a publisher, they dont make the games. Get this through your heads!

ronnet
ronnet

They just published Two Worlds, they had nothing to do with the actual development. In fact they didnt even publish it in my country, my box doesnt even have their logo on it.

DrKill09
DrKill09

South Peak Interactive, eh? They made those horrible Dukes of Hazzard PS1 games, and State of Emergency 2 (yuck!) They are worse than Infogrames!

BioShockOwnz
BioShockOwnz

SouthPeak? XD They're the next Atari (circa-2007)

Crusade_17
Crusade_17

south peak makes bad games......i havent played one good thing EVER from them

SPD_WeBmAsTaH
SPD_WeBmAsTaH

Two worlds was so boring that it's a perfect cure for constipation.

Volgin13
Volgin13

30 million in revenues? Not if their next game sucks like two worlds did.

Rontor
Rontor

Two Worlds sucks!

NeoJester
NeoJester

After Monster Madness and Two Worlds, I can't say I have any faith left in SouthPeak Interactive.

FearNinja
FearNinja

Two Worlds was a great concept, but looked and played like an N64 game. Which is why I could care less about what happens to South Peak.

gin_rummy89
gin_rummy89

oh man Two Worlds frame rate was pitiful

BelatedNoob
BelatedNoob

lololol Why would anyone want to buy a share in this monstrosity? 'Cause I KNOW the sequel to Two Worlds, Three Worlds isn't going to make any money.

keyhunter
keyhunter

They published X beyond the Frontier. That game was totally awesome.

o_laggy_o
o_laggy_o

Why would anyone want to buy a share in this monstrosity? 'Cause I KNOW the sequel to Two Worlds, Three Worlds isn't going to make any money.