NEWS - Friday, May 3, 2002


Infogrames Shiny Deal Final

Global interactive game publisher Infogrames, Inc. today announced that it has completed its acquisition of Shiny Entertainment from Interplay Entertainment Corp. Included in the purchase of the Shiny development studio are the exclusive worldwide rights to develop and publish interactive games based on sequels to the highly acclaimed Academy Award-winning action thriller, THE MATRIX. The games will be based on the upcoming sequels, THE MATRIX RELOADED and THE MATRIX REVOLUTIONS from Warner Bros. Pictures. In addition, under the terms of the transaction, Infogrames has acquired the patent for Shiny's Advanced Tessellation Technology, and exclusive rights to other tools and assets associated with the development of THE MATRIX games. Infogrames had previously announced this transaction on April 25, 2002. According to the terms of the deal, Interplay received approximately $47 million in a combination of cash and a promissory note.
Source: http://www.xboxaddict.com/

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