Latest Gaming News

3DO Gets A Helping Hand From Alliant Partners

19th June 2003, 7:32pm
The 3DO Company announced today that it has retained the services of investment banking firm Alliant Partners to assist the Company in a comprehensive evaluation of its strategic alternatives aimed at maximizing stakeholder value and negotiating potential transactions for the Company.

James (Jim) L. Kochman, President & CEO of Alliant Partners will head the engagement. The retention of Alliant Partners has been approved by the Bankruptcy Court overseeing the Chapter 11 case commenced by the Company on May 28, 2003. Alternatives to be considered may include a sale of all or some of the Company's assets or formulation of a plan of reorganization in the Chapter 11 case. The 3DO Company's common stock is currently trading in the pink sheets under the symbol THDOQ.

About Alliant Partners

Alliant Partners is a technology-focused investment bank which provides advisory services for all types of M&A transactions to public corporations and to small, private companies. Alliant is expert in facilitating sales of entire enterprises, divesting portions of a company, or advising companies going through the difficult transition of bankruptcy, dissolution or restructuring. Alliant has a strong portfolio of emerging and middle-market technology companies, especially in the areas of electronic systems, software and services, semiconductors and equipment, and medical devices and life sciences. Alliant Partners is a wholly-owned broker-dealer subsidiary of Silicon Valley Bancshares.
by Damien