3 ms·
From 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 El
by pyre 14y ago
From 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)