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Braveheart
Issue 35 - July 8, 1999
 
The Hacker
Papers and periodicals perused...

Computer Trade Weekly's lead headline is 'Troubled GT up for grabs'. The success of Driver and TA: Kingdoms has come a little too late for the publishing giant. Companies linked with a possible buyout include Disney and the ever-acquisitive Infogrames. GT's CEO told CTW: "While we have successfully initiated management action, the company is seeking a recapitalisation, merger or sale because management believes that in this consolidating industry, GT would benefit from greater capital resources to achieve our long term strategic objectives and to maximise shareholder value." Basically, they're up for sale, right?

Other front page company news in CTW concerns SCi. The outfit famous for Carmageddon and, well... Carmageddon 2 are understood to be flexing a bit of financial muscle. They're currently listed on the Alternative Investment Market but are seemingly intent on joining the big boys. How? By spending cash and raising their profile. SCi's Bill Ennis told CTW: "There are two key benefits. One is that you get a far better following from analysts in the City, and also it enables institutions to invest in a way which they couldn't do on AIM."

'One step from anarchy' screeches the lead header in MCV. Not surprisingly, the chaotic situation at retail features heavily in this week's news. Everyone dropped their PlayStation prices to £29.99 (as you'll be well aware by now) and independent retailers were caught on the hop when the multiples decided that V Rally 2 should hit the shelves a week early. "The multiples have clearly decided to universally break releases," one independent retailer told MCV. "If I had stock I would have sold early too, but I can't compete unless I have stock."

MCV also reports that Hasbro have bought educational software firm Europress, and intriguingly proposes that their next acquisition could be GT Interactive.

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