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!
Written by: Petteri Pyyny @ 16 Apr 2003 14:50
SonicBlue sold ReplayTV and Rio to D&M
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seanbyrne
Rio were doing well until they put WMA in their products and appeared to have blocked 3rd party software, e.g. my favorite Rio player was the Rio 500 as there were many 3rd party software products for it as well as hacks to display animations, change its fonts as well as put other useful additions on it. From the Rio 600 onwards, I have not come across any 3rd party software and thus never had an interest in going for any of their newer products.
17.4.2003 11:15 #1
