Interplay’s Stock Soars 35% on News of Deal With Titus
<i> Bloomberg News</i>
Interplay Entertainment Corp.’s stock moved up 35% Thursday, a day after the financially troubled video game maker said French software developer Titus Interactive S.A. plans to buy 6.25 million shares of Interplay stock at $4 a share.
Titus, which already owns 12% of Interplay, would gain controlling interest in the company if the transaction is completed.
The shares closed at $2.78, up 72 cents.
The biggest entertainment stories
Get our big stories about Hollywood, film, television, music, arts, culture and more right in your inbox as soon as they publish.
You may occasionally receive promotional content from the Los Angeles Times.
