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| Majesco Entertainment Company Announces Sale Of Two Titles Majesco Entertainment Company announced that it has sold all of its rights and obligations related to the game titles, The Darkness and GhostRider, to a video game publisher. The assignment included all of Majesco's agreements with the licensors and developers for these titles. Majesco received proceeds of $8.0 million as a result of the transaction. As a result of the sale, the Company reduces its financial obligations and improves its capital structure. Additionally, this sale affords the Company added flexibility with which to pursue additional opportunities and execute initiatives related to its core business. Additional details will follow on a conference call in January 2006 when the Company plans to report its results for fiscal 2005, ended October 31, 2005 and discuss its overall business plans. write your comments about the article :: © 2005 Game News :: home page |