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Posts from Trip Hawkins... what happened to him?

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The subject! Does anyone know? Please tell me... because I don't know English very well...
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I only know that he decided to enter the mobile market:
After selling off 3DO in parts, the generous millionaire Trip Hawkins announced his entry into the mobile market. At CTIA in Las Vegas, Hawkins announced the creation of Digital Chocolate, which will focus all its efforts on developing games for portable systems and mobile phones. It will be interesting to see how long this guy will last.
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I suspected he still had some money left... but a millionaire... why would he be bankrupt then? I don't understand...

P.S. Thanks.
In reply to Glom
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Glom
I suspected that he still had some money... but a millionaire... why was he declared bankrupt? I don't understand...
He had his own money, but the company's finances went bankrupt, that's what happened. And in general, why 3DO went bankrupt is still unclear. Some say it was due to money, others say it was due to internal issues. It was probably the failure of the fourth installment that caused it, but that's not certain either. :(
С уважением, Vlad

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In reply to Vlad
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It seems like it's more likely due to the failure of Might and Magic IV, but that's not certain either.

+and the failure of Might and Magic IX... I wouldn't say it was well-received by many...
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Glom
+the failure with Might and Magic IX... I wouldn't say it was well-received...
And this finally finished them off.... It's a shame....
С уважением, Vlad

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