Shiny up for sale

Interplay last night confirmed reports that it is in "the advanced stages of negotiations with a potential buyer of Shiny Entertainment", who are currently working on a game based on the Matrix movies. Interplay are refusing to say who the bidder is and what kind of terms they expect to get from the deal, but given that their latest Annual Report (also released yesterday) admitted that they aren't earning enough money to cover their expenses, and that the product delays which have plagued the company of late could continue in the short term, we imagine that any deal to get rid of Shiny would have to be good news for them at this point. "Although the transaction is not complete and is subject to definitive agreements and satisfaction of various closing conditions, we envision this initiative as a key element in our future growth plans, providing the potential source of funding as Interplay builds on its leadership position in adventure and role-playing games on the PC and next generation consoles", CEO Herve Caen commented. Related Feature - Interplay taps into the Matrix