Spotlight: Interplay Entertainment Files for IPO

Irvine-based Interplay Entertainment Corp., a money-losing developer of video games, filed plans to raise up to $72 million in an initial public stock offering, according to an SEC filing. Proceeds will be used to repay $33.6 million in debts, a $1-million bonus to founder Brian Fargo and $1.5 million to distributor Universal Interactive Studios, according to SEC documents. The company, which has not turned an annual profit since 1995, has a reputation for outrageous marketing campaigns.