Video game developer 3DO Co. filed for Chapter 11 bankruptcy protection.
The Redwood City, Calif., company had subsisted for the last several months with loans from its founder, Trip Hawkins, a former senior executive at Electronic Arts Inc. "We are focused on pursuing either the sale of the entire company or the sale of its assets," Hawkins said.
A listing of assets and liabilities was not available.
3DO, which makes "High Heat Baseball" and is developing "Four Horsemen of the Apocalypse," had sales of less than $10 million in the quarter ended in March and about $30 million for the year, Hawkins said this month. It is scheduled to release full-year earnings in June.