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Creative購併3DLabs!!!
怪不得前陣子有謠言說Creative不賣顯示卡了
看來應該修正為Creative可能不賣其他晶片的顯示卡
原文如下, 我在m3dzone看到的
SINGAPORE - March 11, 2002 - Creative Technology Ltd. (Nasdaq: CREAF), the worldwide leader in digital entertainment products for users of the personal computer and the Internet, today announced a definitive agreement under which Creative will acquire 3Dlabs Inc., Ltd. (Nasdaq: TDDD) for a combination of US$1.20 per share in cash and US$2.40 per share in Creative stock for each share of 3Dlabs.
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On an approximate basis, Creative presently owns 1.8 million shares of 3Dlabs' currently issued share capital of 30.6 million shares. In addition, Creative owns warrants and convertible notes which, when exercised and converted, would provide an additional 9.4 million shares and give Creative an approximate 28% beneficial ownership of the then-total outstanding 3Dlabs shares. The cost to acquire those shares that Creative does not already own is estimated at US$34.6 million in cash and US$69.1 million of Creative stock for a total of US$103.7 million. These dollar amounts of Creative shares and cash are fixed; however, the number of Creative shares to be issued will be determined by the average closing sale price of Creative shares on the Nasdaq exchange over a ten-day period which will end five days prior to 3Dlabs' shareholder approval meeting. Based on Creative's closing price of US$13.10 per share as of Friday, March 8, 2002, this would represent approximately 5.3 millio! n Creative shares to be issued. The total number of Creative shares issued to 3Dlabs' shareholders shall be subject to a cap of approximately 10 million Creative shares.
Completion of the transaction is subject to customary closing conditions, including approval by 3Dlabs’ shareholder vote and regulatory and governmental approvals. Following completion of the transaction, 3Dlabs will become a wholly owned subsidiary of Creative.
“We have had a tremendous track record of choosing winning graphics technologies and partners over the years, and helping build them into #1 market share positions. We’ve helped those companies become very successful in the process,” said Sim Wong Hoo, Chairman and CEO of Creative. “As we have analyzed 3Dlabs’ product lines, and most importantly their technology roadmap, we believe that their development of a scalable architecture and general purpose programmability will provide a significant competitive advantage in the graphics space.”
Sim continued, “As power gamers’ insatiable demand for higher performance graphics capabilities grows, we see great opportunities to expand 3Dlabs’ leadership in the ultra high-end professional markets into our higher volume PC consumer desktop markets. The technological breakthroughs that 3Dlabs has achieved to date, most specifically in the design of their upcoming chipsets including the startling achievement of the world’s first single chip TeraOps [trillion operations per second] visual processor with general purpose programmability, coupled with the strong market we see for high performance graphics accelerators, provide a tremendous growth opportunity for our company.”
“Creative has developed, owns and markets the world’s highest performance audio silicon technology,” stated Sim. “With our announcement today, we will also own the world’s highest performance graphics technology and a leadership position in the ultra high-end graphics space. For the first time, we will own substantial graphics intellectual property and a formidable graphics patent portfolio that will allow us to achieve a higher level of returns for our efforts as we re-emphasize the graphics category. This is a very different opportunity than when we were exclusively a graphics card provider that relied solely upon chips from other vendors. This enables us to pursue a business model that we believe has the potential for high margins like our audio businesses, while providing even more exciting opportunities for growth and enhancing shareholder value.”
“We believe that this acquisition, with its many synergies and opportunities, can be accretive to our earnings in the first half of the next calendar year, excluding any charges related to the acquisition,” said Sim. “We are very excited about the opportunity provided by Creative’s worldwide distribution network, huge customer base, world-famous brands, and financial resources to maximize the technology we produce,” said Osman Kent, Chairman and CEO of 3Dlabs. “Integrating the resources and expertise of these two industry-leading companies can create a truly potent force in the graphics market.”
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