They were also loan guarantees, not a loan itself. That means they guarantee to pay out to third party investors if for any reason the studio failed to pay. They hadn't guaranteed the whole $75 million at the time 38 Studios failed. I think they had guaranteed about half. Then the Gov. going public way too soon and saying 38 Studios was irreperably damaged killed any chance they could get any more investors and finish the game. We don't have all the facts but it seems to me RI screwed up as bad as 38 Studios.
I don't see where he reports these things as anything other than rumor and speculation - you're not meant to make life altering decisions based on these articles. And he always seems to ask for confirmation but they usually "decline requests for comment." Unless you're only reading the headline, which seems pretty common here. I wonder if he has control of the headlines.
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