Petteri Pyyny
16 Apr 2003 14:50
The previous attempt to sell SonicBlue's main assets, the ReplayTV and Rio brands, to Japanese D&M Holdings failed because the companies couldn't get their deal details ready before the court's deadline. But now the Rio and ReplayTV are finally sold to the D&M for $36.2 million.
The sale covers the intellectual property, inventory and capital equipment of the ReplayTV and Rio units. The price D&M paid in the backruptcy court auction was actually $5M cheaper than the deal it had negotiated with SonicBlue in March before the deadline was exceeded.
Source: Yahoo!