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Acclaim Entertainment Adds Capital

Acclaim Entertainment has secured millions in new funds through a stock sale.

Game Developer, Staff

July 31, 2001

1 Min Read

The private placement of 9.4 million shares of common stock to institutional investors earned Acclaim $33.6 million in new funds. The company plans to use the money to pay down debt, finance product development and marketing, and make acquisitions.

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Game Developer

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