Take-Two sells off Joytech

Mad Catz buys up the peripherals maker, promises no redundancies for US or UK staff.

Take-Two Interactive has announced that it has sold off Joytech, its video games accessory subsidiary, to Mad Catz Interactive. The Grand Theft Auto publisher, which owns Rockstar, 2K, 2K Sports, and Global Star Software, has previously stated that it wants to divest itself of all non-core businesses.

Ben Feder, Take-Two's chief executive officer, said in a statement, "We are particularly pleased that we accomplished this goal in a manner that will allow substantially all of our Joytech employees in the US and UK to join Mad Catz, which is a highly respected provider of video game peripherals."

Take-Two's shares were recently boosted by sales of well-received PC and Xbox 360 shooter BioShock, but the company is still forecasting a loss for its fourth fiscal quarter. According to the company, the Joytech sale is "not expected to be material to Take-Two's financial results."

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36 comments
Gen_Payne
Gen_Payne

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

Nintendo_Ownes7
Nintendo_Ownes7

Why are you complaining about Madcats I don't think they are that bad and my parents always had to buy them for my sister since they are very cheap you don't have to worring about her throwing them like she used to when she got mad playing videogames.

sectorzero
sectorzero

Who cares? Mad Catz makes bad controllers, no offense to anyone who reads this.

DiamondFang
DiamondFang

I think that the Mad Catz controllers have bad design concept, they look very un-sexy and fat. I think that if they could just make them slimer and keep the price tag. I think they could be a strong competitor

peeweeshift
peeweeshift

mad catz controllers have horrible buttons sometimes but they are still some of the best quality and price in comparison to logi

SteveTwo
SteveTwo

MadCatz released a clear flexible vinyl cover for my original DS that was one of the best things I've purchased for it. Other than that, there actual controller accessories I wouldn't use. I'd rather spend the extra money for a high-quality controller. The little gaming items and accessories that aren't controllers seem to be okay though.

minime78362
minime78362

Mad Catz might be the worst thing to happen to gaming peripherals. All their controllers suck. And I don't even feel like buying their other crappy products to see how they work.

munsoned
munsoned

i remember i had something joytech. i cant remember what it was but i do remember it didnt last to long be4 i returned it and got my money back

nintendorocks
nintendorocks

Joytech wasn't that great of an investment anyway. I'm sure Mad Catz could do much more with them. Good move by Take-Two.

rockstar_88
rockstar_88

Everyone that hs owned video games has bought a MadCatz product, so you all know the pain I've felt.

Rephin
Rephin

Joytech makes some pretty decent stuff at a reasonable price. I own their HDMI switcher and their slim PS2 monitor for in-the-car gaming, and neither have let me down so far. Mad Catz, on the other hand, has let me down so much since the original PlayStation era that I'm surprised that they still make enough profit to actually buy another company. Go figure.

SoulKillah
SoulKillah

i don't like joytech or madcatz...i rather stick to good old Logitech:D

Rickettsz0780
Rickettsz0780

controllers from xbox always work better for the xbox than controllers from mad catz on the xbox, i think im going to stick with brand on brand. Little more expensive but worth it

comthitnuong
comthitnuong

I don't like what Madcatz does with their controllers. I'd rather some other maker buy them.

lukey9493
lukey9493

mad catz make decent quality stuff but never top of the line but joytech is just lame

_RA0_
_RA0_

never really liked Joytech and Mad Catz

Wayward_Son_88
Wayward_Son_88

I don't know about anyone else, but I don't know anyone who has bought a third party peripheral. I just don't see it as a business that makes all that much money, and I think this is a smart move on Take-Twos part.

Bunnyslippers
Bunnyslippers

Joytech makes one of the best peripherals. While the Mad Cats aren't of same high quality, but of course much cheaper.

Rangel_19
Rangel_19

Well, hopefully this sale of JoyTech can help bolster Take-Two's finances so that they can focus on making Grand Theft Auto IV! Also, Mad Catz does make some good peripherals, I just hope that they won't jack up their prices now since one of their competitors has been assimilated or has been taken out of the market!

GohanSSJZ
GohanSSJZ

I actually own a PS1 steering wheel from Mad Catz that i've used a lot and is still in perfect condition, and it wasn't that expensive either. Ofcourse i also had a Mad Catz controller which i returned and bought another Sony Dual Shock controller instead. Mad Catz does make quality products, it's just that the majority is crap.

Zoomer30
Zoomer30

"wants to divest itself from non core businesses" is corp speek for "we are bleeding money out of every pore and we wont have a good game out for at least 8-9 months, time to head for the doors and you better have your (ahem) golden parachute"

Hawk456
Hawk456

I've never known Mad Catz to make a quality product... to my knowledge, the controllers have always been sub par. And like many have said, usually bought by unknowing parents or people trying to save a few bucks.

DonutTrooper
DonutTrooper

A subsidery going from a well-recieved and widely liked company is being sold to support it, while it goes to a company that makes infamously bad products. Only thing I trust that they make is the battery charger cooling fan base for the 360. Otherwise it's Logitech FTW.

CMakaCreative
CMakaCreative

I'm surprise Mad Catz are even in a postion to buy another company. I think Logitek has the best third party accessories, though they can be a bit pricey. We'll here's to avoiding something esle Mad Catz is a part of.

StonyShred420
StonyShred420

It just makes you wonder how after all these years, Mad Catz is still in business. Like most people have said, they really do make some garbage products. Of coarse when i was a kid my parents made a few mistakes buying controllers made by them (may have been under an older name of thier s too) and even at the age og 12, i could tell that thier controllers were crap, so i used to make my friends use that controllers! lol But to Mad Catz credit, i think the only thing i ever bought of thiers was a cheap 10 buck Mic to replace one i broke for my original Xbox, and it worked fine for a while, till i got the halo 2 Edition Mic. You'd think, idk...maybe Mad Catz would make a line of better made products foew a few bucks more exspensive, give the people some options...because the fact most 3rd party accessories are, most people stick to the stuff made by either Nintendo, Microsoft or Sony.

ghsacidman
ghsacidman

Mad Catz a highly respectedprovider of video game peripherals? He could of made it alittle less obvious he was lying. MAD CATZ SUCKS. They intentionally market products that don't work to people who don't know better. Anyone who has tried their steering wheel will agree, MAD CATZ SUCKS! The kid that said it wasn't rubbish... is out of his damn mind.

Metallicantera
Metallicantera

who buys a expensive system just to buy mad catz cheap **** accessories? i got one of their old xbox controllers for Christmas a few years ago and almost threw it back in my brothers face.

-Squirrel-
-Squirrel-

Well I think we all can agree that Mad Catz is terrible, but I never really bought Joytech. This does mean more stuff made by Mad Catz tho and thats just unacceptable. Just buy first party goods if you can get the cash, even if they're used. And while this is "not expected to be material to Take-Two's financial results," I still think this is partially a move to make Take-Two look more hopeful to its stock holders that were disenfranchised after the delay of Manhunt 2 and GTA4.

pigfish2
pigfish2

i have a mad catz sreering wheel, it's not rubbish but it's nothing special

Sanguis_Malus
Sanguis_Malus

Joytech stuff =good Madcatz stuff = mad crap !!!

AnFangs_Endes
AnFangs_Endes

"to join Mad Catz, which is a highly respected provider of video game peripherals." Highly respected for making cheap peripheral's? wtf..

bengino
bengino

Mad Cats? The company can hardly make accessories worth it in the first place, bad move by Take Two... now the gamers have even less choices outside of the official peripherals