Interplay sells Fallout license

Completely surprising news:

As of April 4, 2007, the Company entered into, an Asset Purchase  Agreement (the
"APA") and a Trademark  License  Agreement  (the  "License  Back") with Bethesda
Softworks  LLC, a video game  developer  and publisher  ("Bethesda"),  regarding
"FALLOUT",  an intellectual  property which was owned by the Company (the "IP").
Although such agreements were signed on April 4, 2007 they were agreed not to be
binding until closing which occurred on April 9, 2007.

Under the APA,  the Company  sold all of its rights to the IP to Bethesda  for a
total  amount of  $5,750,000.00  payable  to the  Company,  subject  to  various
conditions,  in three cash installments.[...]

Under the License Back the Company obtained an exclusive license,  under certain
conditions,  to use the IP for the purpose of  developing  an Interplay  branded
Fallout Massively Multiplayer Online Game ("MMOG").

Bethesda now owns everything from the Fallout license and assets, and it’s Interplay that has a limited license for the Fallout MMORPG.

This means that Bethesda owns Fallout, and Interplay just lost their last franchise.

Here is the SEC filling in it’s entirety