April 16^th, 2002 (12:00am) - Interplay is in the final negotiations to sell Shiny Entertainment, the makers of Earthworm Jim, and The Matrix.

"Although the transaction is not complete and is subject to definitive agreements and satisfaction of various closing conditions, we envision this initiative as a key element in our future growth plans, providing the potential source of funding as Interplay builds on its leadership position in adventure and role-playing games on the PC and next generation consoles," said Interplay’s chief financial office Herve Caen. "In combination with our recent cost-cutting measures and management reorganization, this transaction would further strengthen our balance sheet going forward. Games upcoming for release in the second quarter will be the first steps in our renewed growth efforts."