the deal finally was scrapped in April 1991. the sierra on-line merger would have allowed early broderbund investors to cash out since, at the time. sierra stock was publicly traded while broderbund is was not. broderbund then proceeded with an initial public offering in October of that year
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in May 1994 broderbundand electronic Arts terminated an agreement to mergedue to financial considerations. broderbund recognized a onetime pretax charge of 11