3DO Auction Yields Disappointing Financials

Posted by simoniker on Tuesday August 19, 2003 @09:56AM from the microsoft-make-out-like-bandit dept.

Thanks to Yahoo!/Daily Deal for revealing the final bidding prices for 3DO's assets, totalling a mere $4.6 million, following the company's bankruptcy auction last week. The article indicates the main winning bidders were "...UbiSoft Holdings Inc. for the fantasy games 'Might and Magic' and 'Heroes of Might and Magic,' for $1.3 million; Namco Hometek Inc. for 'Street Racing Syndicate' at $1.515 million; JoWooD Productions Software AG for the 'Jacked' motorcycle game for $90,000; Crave Entertainment Inc. for 'Army Men' for $750,000; and Microsoft Corp. which paid $450,000 for the intellectual property for 'High Heat Baseball'." 3DO founder Trip Hawkins also bought an Internet patent and much of 3DO's back-catalog for $400,000. 3DO's lawyers claimed that the SEC investigation of games companies launched last month made possible suitors back off, saying: "It probably cost us $10 million easily."

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Please, no more Army Men games! by Man+In+Black · 2003-08-19 10:54 · Score: 3, Funny

Crave Entertainment Inc. for 'Army Men' for $750,000

Damn... just when I thought we'd finally gotten rid of this crappy franchise...

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-"One machine can do the work of fifty ordinary men. No machine can do the work of one extraordinary man." -EH
1. Re:Please, no more Army Men games! by Rudeboy777 · 2003-08-19 16:18 · Score: 2, Funny
  
  With any luck, they bought it just for the satisfaction of holding the franchise under a magnefying glass on a sunny day. Hell, I would have bought it for that reason
  
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  From hell's heart I fstab at /dev/hdc