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Opinion: How will Project 2025 impact game developers?
The Heritage Foundation's manifesto for the possible next administration could do great harm to many, including large portions of the game development community.
3DO has announced it has closed a private placement of $15.8 million in stock to an institutional investor and to the family of Chief Executive Trip Hawkins.
3DO said $12.5 million of the Series A convertible preferred stock went to the institutional investor. The other $3.3 million went to the families of Hawkins and Michael Marks, the chairman and chief executive of contract manufacturer Flextronics International. In a statement, Hawkins said the financing would help 3DO develop a number of game properties, and reaffirmed the company’s plan for a return to profitability by the end of its fiscal fourth quarter in March.
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