D&M Holdings To Purchase ReplayTV And Rio Assets For Real Now

Posted: Apr 16 2003, 9:56am EST | by , Updated: Aug 10 2010, 1:47pm CDT, in News | Other Stuff

D&M Holdings to Purchase ReplayTV and Rio Assets For Real Now
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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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The Author

<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.




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