Shiny Entertainment Sold

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Looks like Interplay found a buyer for Shiny Entertainment. This quick news brief on ZDNet reveals that Infogrames is buying Shiny Entertainment along with the rights to a Matrix game for $47million in cash and notes.

Interplay received a $5 million advance from Microsoft to produce a "Matrix" game for the company's Xbox console. Interplay has posted growing losses in the past year and received a delisting notice from the Nasdaq exchange a few months ago

Shiny has been responsible for such games as Messiah , MDK, Earthworm Jim , and Sacrifice

Steve Gibson is the cofounder of Shacknews.com. Originally known as sCary's Quakeholio back in 1996, Steve is now President of Gearbox Publishing after selling Shacknews to GameFly in 2009.

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