As part of its restructuring efforts, Take Two has sold Joytech to Mad Catz for $3.7 million. A mere drop in the bucket for the company worth over $1 billion, but I guess it’s a start. The only really solidly performing asset continues to be Rockstar, and even with Visual Concepts once again taking advantage of the NFL, that does not appear to be changing.

“The sale of the Joytech assets is consistent with one of the key goals we established in our 100 Day Plan: to develop strategic alternatives for any operations that we determined to be outside our core publishing business,” said Take-Two CEO Ben Feder.

 ”This transaction is consistent with our strategy to continue to grow profitably, in part by diversifying our product line-up and geographic reach. Joytech’s strong presence in Europe and growing presence in North America are expected to complement our current operations and further enhance our worldwide distribution network enabling Mad Catz to more efficiently deliver a larger portfolio of innovative gaming accessories to our customers worldwide,” said Darren Richardson, Mad Catz President and CEO.

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