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Interplay’s Stock Soars 35% on News of Deal With Titus

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<i> Bloomberg News</i>

Interplay Entertainment Corp.’s stock moved up 35% Thursday, a day after the financially troubled video game maker said French software developer Titus Interactive S.A. plans to buy 6.25 million shares of Interplay stock at $4 a share.

Titus, which already owns 12% of Interplay, would gain controlling interest in the company if the transaction is completed.

The shares closed at $2.78, up 72 cents.

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