Yesterday was the court ordered auction of SonicBlue Assets.
D&M Holdings was the successful bidder in bankruptcy court auctions for SONICblue's ReplayTV® and Rio® business units, with a combined purchase price for both units of $36.2 million.
We reported on March 21st that SonicBlue files for bankruptcy. Back then D&M Holding was announced as the buyer of ReplayTV for $40Mio.
D&M now gets ReplayTV and Rio for only $36.2 million. I would say smartly played by D&M.
Gregory Ballard, chief executive officer, SONICblue says. "We have done all that we can for our creditors, and our product lines will continue to compete successfully in the marketplace. Many if not most of our employees will continue their work, and our customers will continue to enjoy Rio and ReplayTV in their homes."
So it looks we ReplayTV users can continue to record shows and skip over commercials - YEAH!
Press-Release on Yahoo.com
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