News: More 3DO Auction Results
Posted 20 Aug 2003 at 09:28 by Tim Symons
TheDeal has revealed more information on the recently completed auction of bankrupt 3DO's assests. The site reports that JoWood Productions Software got a hold of the Jacked Asset Group for $90,000, while Crave Entertainment snatched up the Army Men Asset Group for $750,000.
Also, 3DO CEO Trip Hawkins himself won a pair of bids�paying $200,000 for a backlist of pre-2001 titles, which included Jonny Moseley Mad Trix, and also acquiring 3DO's internet patent, described as a business concept revolving around the trade of virtual products, for $205,000.
Patent Purchase Manager LLC also purchased a variety of development tools and IP for $75,000.
The Deal reports 3DO raised a total $4.6 million from the auction.