New news on the matter of Interplay selling ints gaming company Shiny Entertainment. Here is what we know:
"Although the transaction is not complete and is subject to definitive agreements and satisfaction of various closing conditions, we envision this initiative as a key element in our future growth plans, providing the potential source of funding as Interplay builds on its leadership position in adventure and role-playing games on the PC and next generation consoles,'' said Interplay's chief financial office Herve Caen. "In combination with our recent cost-cutting measures and management reorganization, this transaction would further strengthen our balance sheet going forward. Games upcoming for release in the second quarter will be the first steps in our renewed growth efforts."
For those of you that are not familiar with Shiny Entertainment maybe this will refresh you, Shiny is best known for franchises Earthworm Jim and MDK, has been in development with next-generation console versions of The Matrix. It is not yet known how this deal will affect the company's still-in-progress works for Interplay, if at all. Hopefully it will not, but most likely it will.
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