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Trip Hawkins Underwrites New 3DO Stock Issue

Short on working capital as the end of the year approaches, 3DO just completed private placement round of financing that raised $9.75 million for the company.

Game Developer, Staff

October 10, 2001

1 Min Read

Once again, Chairman and CEO Trip Hawkins came to the company's rescue, using his own money to purchase over $8 million of those newly issued shares of common stock. A total of 4.7 million shares were issued at $2.06 per share, of which Hawkins bought 3.9 million.

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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.