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Games, DVD Firm Zoo Digital Seeks $9.8 Million in Share Placement

Authored by Mark Hefflinger on November 19, 2003 - 7:20am.
London -- Zoo Digital, a U.K.-based video game publisher and provider of DVD authoring software, on Wednesday announced that will seek to raise $9.8 million in a share placement with new and existing institutional investors. The company said that the funds will be used to accelerate the development of its DVD-Extra technology; invest in sales and support in Europe, the U.S. and Asia; further invest in patent protection and filing of additional patents, and provide additional working capital to continue the development of the business and to repay the company's long-term debt.
tags: Games | DVD | Share | Zoo Digital |