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 Sep 02, 2004 - 10:54 AM - by Michael
* Acclaim Officially Dead

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PC Games/Hardware/Microsoft
After a long downward spiral, Acclaim Entertainment is officially dead.
As reported yesterday on GameSpot, a Chapter 7 proceeding means the company seeks to liquidate all its assets in order to pay off as much debt as possible. Those are the final steps toward completely dissolving the corporate entity.

The dispatch carried today in Newsday said that Acclaim "listed assets of between $10 million and $50 million and debt of more than $100 million" when it presented documents to the bankruptcy court.

I'd try to be sad, but their last good game was so long ago, I can't remember the name of it.

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