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Mammoth Micro Productions Acquired by Washington Post 1994 Financial Tombstone
Description:Own a unique piece of gaming history! This company deal toyor financial tombstonecommemorates the May 1994 acquisition of Mammoth Micro Productions by The Washington Post Company. Hambrecht & Quist Incorporated acted as financial advisor to Mammoth Micro Productions. The financial tombstone measures5\" high x 5\" wide x 1-1/2\" deep (at base)and weighs 585 grams.
**A limited number of these deal toys/financial tombstones were produced and they were only awarded to principals involved in the prospectus/deal (founders, law firms, stock brokers, etc.).The deal toys/financial tombstones are a type of souvenir of the event/offering and do not hold any current stock value.
AboutMammoth Micro Productions:In 1991, Bob Ogdon started Mammoth Micro Productions during a time that he saw the potential for CD-ROM technology; the gap in this market was on the software end. According to Ogdon, the Japanese were really good at creating hardware but when it came to software there was plenty of room for improvement.
Mammoth worked on various CD-ROM technologies for several years. Mammoth did fine, but didn’t garner a ton of national attention. One reason for this was that Mammoth didn’t have the money to spend on marketing. A fortuitous break came when a PR person Ogdon worked with managed to get the company profiled by Forbes magazine. The timing was perfect because the piece came out right when the CD-ROM market was starting to take off. It wasn’t long before the national suitors started knocking on Mammoth’s door. Ogdon credits the Forbes piece with creating value in the company, suggesting that “PR is the cheapest form of advertising you can get.”
With everyone was clamoring to get into the CD-ROM game in the mid-1990s, Mammoth had thirteen offers to purchase the company within a six month period. They ended up selling to the Washington Post for a cool $30M.
Source: Denver Founders
Condition of Deal Toy/Financial Tombstone:This deal toy/financial tombstone is in good condition with no chips or cracks. There is light to medium wear/scuffing in spots (see photos #9 and 10 for examples). Please view all images for more detail.
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