Home

GameShark

Game Accessories Firm Mad Catz Sued by Rival Pelican Over GameShark Deal

Authored by Mark Hefflinger on February 14, 2003 - 3:10am.
San Diego -- Mad Catz, a manufacturer of video game accessories, said on Friday it will vigorously defend a lawsuit brought by rival Pelican Accessories, alleging that Mad Catz and U.K.-based, Fire International, Ltd. competed unfairly with Pelican in the development and marketing of certain video game products. The suit also alleges the auction whereby Mad Catz acquired video game enhancement firm GameShark was not fairly and legally conducted. "This ludicrous lawsuit is baseless and spurious. It is an offensive attempt to improperly use the courts to achieve an end that Pelican could not achieve commercially," said Mad Catz CEO Morris Perlis. "GameShark was acquired by Mad Catz in an auction that was fairly and legally conducted." Both Mad Catz and Fire said they are considering filing countersuits against Pelican and its principals. http://biz.yahoo.com/bw/030214/142090_1.html
tags: Games | Deals | Mad Catz | GameShark |

Game Accessories Firm Mad Catz Buys GameShark Brand for $5 Million

Authored by Mark Hefflinger on January 23, 2003 - 5:13am.
San Diego -- Mad Catz Interactive, a manufacturer of video game accessories, announced on Thursday that it has acquired the GameShark brand and website from Recoton Corporation for $5 million. GameShark provides video game enhancement software that enables players to take advantage of the secret codes, short cuts, hints and cheats incorporated by video game publishers into their games. San Diego-based Mad Catz said it will begin shipping GameShark products in March, ensuring continued supply at retail stores. For 2002, GameShark reported revenues of $30 million.
tags: Games | Mad Catz | GameShark |