Titus Interactive to take over Interplay
Another games company falls to the French
Earlier takeover talks, thought to be with a Japanese group, were blocked by Titus, which has owned a sizeable chunk of Interplay for some time now. Today it announced that it had extended that stake to 51 per cent by turning some of its convertible bonds into actual shares in the company.
A statement from the French company said that "this purchase raises Titus Interactive's voting rights and will enable, during the Annual General Meeting in September, a re-election of the board and a takeover of Interplay by Titus Interactive", before the representative collapsed in diabolical laughter.
Interplay now joins Hasbro Interactive, Mattel Interactive, GT Interactive, Sierra, Interactive Magic, Accolade and a host of other American publishers to have been taken over by the French. ®
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