Thursday, September 14, 2000

Aureal to Creative? -- 8:30 am CST, Update by A.T. Hun

The rumors continue to swirl that Creative Labs will be buying up the remnants of Aureal according to the Vortex of Sound. Here's a snip:

The latest whisperings we've heard may be upsetting for some people, but it looks like Creative will be buying the ashes of Aureal after all. While the amount of the alleged purchase is unknown, we had heard weeks ago that Creative was offering in excess of $35 million in order to take Guillemot out of the running. The deal may not materialize, however, as some creditors apparently are not happy with the company being sold to Creative, and are planning to file a petition with the court to block the sale.

The creditors might not get a chance to be that picky. It sounds like Creative's bid was head and shoulders over Guillemot's, the next closest competitor. More money has a tendency to quiet people's complaints. Thanks Shugashack.

News for 09/14/2000

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