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EA bought Maxis when they weren't in great financial shape I'm not familiar with the specifics, but if Maxis was in such dire straits, why did Wright become th
by mmanfrin 14y ago
EA bought Maxis when they weren't in great financial shape
I'm not familiar with the specifics, but if Maxis was in such dire straits, why did Wright become the largest shareholder of EA as a result of the takeover? And his partner became CEO for a while.
- ekianjo 14y ago> Wright become the largest shareholder of EA as a result of the takeover Sources?
- pyre 14y agoFrom Wikipedia[1]: > The company's IPO took place in 1995. In 1997, after > setbacks on a series of secondary titles, Braun and > Wright sold Maxis to Electronic Arts for US$120 > million in stock. The deal made Braun the largest > shareholder in EA at the time. Not Wright, but a result of the purchase. Also from Wikipedia[2]: > Maxis went public in 1995 with revenue of US$38 million. > The stock reached $50 a share and then dropped as Maxis > posted a loss. EA bought Maxis in June 1997. and > It was a difficult idea to sell to EA, because > already 40% of Maxis's employees had been laid > off. [1] http://en.wikipedia.org/wiki/Jeff_Braun http://en.wikipedia.org/wiki/Jeff_Braun [2] http://en.wikipedia.org/wiki/Will_Wright_(game_designer) http://en.wikipedia.org/wiki/Will_Wright_(game_designer)