NEWS - Wednesday, September 28, 2005


Id Software Co-Founder Sues Colleagues

id Software co-founder sues former colleagues Court documents reveal Activision's attempt to buy id for USD 105m It's been revealed that Activision attempted to buy Doom developer id Software for USD 105 million last year after id co-founder Adrian Carmack launched a lawsuit against his former colleagues. Carmack - who is no relation to fellow co-founder, John Carmack - alleges that he did not voluntarily retire from the company as claimed, but was effectively forced out of his job. Court documents submitted in the case and reported upon by the Wall Street Journal show that Activision attempted to buy id's Doom, Quake and Wolfenstein properties for USD 90 million. The publisher offered a further USD 15 million to buy the company outright. The documents also show that id clocked up sales of USD 30 million last year, making for a USD 10 million profit. Carmack, who is a 41 per cent shareholder in Id, claims that his former colleagues' refusal to accept Activision's offer has cost him up to USD 30 million. He says that after the deal was rejected his fellow other co-owners attempted to buy his shares - but he refused. As a result, Carmack alleges, they began closely monitoring his hours, stripping him of privileges and denying him access to important documents. In addition, Carmack claims, the co-owners stopped redistributing profits as dividends in 2004 - a practice that was worth USD 3.5 annually to Carmack. In accordance with Carmack's contract, he is legally bound to sell his shares back to id now that he has left the company. But Carmacks' lawyers argue that since he was forced out, the contract should be declared null and void. The case continues.
Source: http://www.gameindustry.biz

Site Statistics

Registered Members: 52,560
Forum Posts: 725,929
Xbox One Titles: 3,735
Xbox 360 Titles: 1,086
Xbox 360 Kinect Titles: 95
Xbox 360 Arcade Titles: 586
Original Xbox Titles: 987
Staff Reviews: 2,192
Member Reviews: 10,339
News Articles: 16,128
Screenshots: 35,450
Xbox 360 Achievements: 45,112
Xbox 360 Faceplates: 2,016
Cheat Codes: 1,706

Latest News


My Friend Peppa Pig Out Now

My Friend Peppa Pig Out NowBecome Peppa Pig’s newest friend! Based on the long- running smash hit preschool series Peppa Pig, join Peppa and your favourite characters in this brand new interactive adventure where players create and star in their own unique story.







See News Archives

Community Forum Activity

2021: XBA is still here
Post by shrew king
3 Replies, 17665 Views

Watch Dogs: Legion
Post by Nato King
0 Replies, 33985 Views

Xbox Series X or S
Post by Nato King
5 Replies, 47211 Views

Spellbreak Grand Magus Pack (3) and Starter Pack (7) Giveaway!
Post by Variation-XBA
0 Replies, 39661 Views

I pay $ 1000! I search the Element 54 Canadian launch Team signaturen Faceplate
Post by Smill
0 Replies, 40050 Views

Xbox one no signal
Post by debrartin
0 Replies, 56847 Views

do you remember?
Post by SnoochyBoochy
3 Replies, 59154 Views

i haz xbox
Post by SnoochyBoochy
0 Replies, 51144 Views

Claiming the first thread of 2020
Post by Kraft
7 Replies, 83488 Views

Important! I pay $ 1000! I search the Sweden launch and the Element 54 Faceplate
Post by Smill
3 Replies, 42932 Views

Squad Up
Post by samslophead
0 Replies, 93979 Views

TERA Skinned Xbox One X Giveaway!
Post by Variation-XBA
0 Replies, 68739 Views

Starfield Release expectations?
Post by DJ tx
4 Replies, 129330 Views

Issue with Xbox live on Xbox home
Post by rcmpayne
0 Replies, 88146 Views

Happy Birthday, Me.
Post by SnoochyBoochy
4 Replies, 109411 Views

© 2000-2021 XboxAddict.com - All rights reserved. All trademarks are properties of their respective owners.
Xbox is a registered trademark of Microsoft. XboxAddict.com is not affiliated with Microsoft.

Made in Canada
Site Design by Cameron Graphics