Content area
Full Text
Interplay Entertainment Corp. is in danger of running out of cash and, after conducting a strategic review a few years ago, has hired another investment bank to sell assets or the entire company.
Irvine, Calif.-based Interplay announced on April 20 it retained Los Angeles-headquartered SG Capital to increase shareholder value for the video and computer game maker. SG Capital will also attempt to raise new financing for Interplay.
Interplay could be headed towards bankruptcy. As of Dec. 31, the $7 million market cap firm had a...