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Video Game Developer Acclaim Raises $15 Million in Note Sale

Authored by Mark Hefflinger on February 18, 2004 - 8:22am.
Glen Cove, N.Y. -- Acclaim Entertainment, a developer and publisher of video games, announced on Wednesday that it has raised $15 million through the sale of convertible notes, due in 2007, to an undisclosed investor. The investor also has the opportunity to buy an additional up to $10 million in notes. New York-based Acclaim is responsible for developing games including "NBA Jam" and "All-Star Baseball," a title based on the TV series "Alias" and sports titles featuring BMX rider Dave Mirra.
tags: VC | Video Games | Acclaim | Note Sale |