In een persbericht van Aureal is te lezen dat het bedrijf nu definitief door Creative zal worden overgenomen. Hiervoor betaalt Creative 28 miljoen dollar en een aandelenpakketje ter waarde van bijna 4,5 miljoen dollar. Hoe en wanneer Creative de producten van Aureal zal gaan gebruiken wordt nog niet vermeld:
Aureal Inc. announced that on September 22, 2000, the U.S. Bankruptcy Court for the Northern District of California, Oakland Division entered the final order approving the sale of substantially all of the assets of Aureal to Creative Technology Ltd. The sale will include settlement of all outstanding litigation claims between Aureal and Creative.
Creative will pay US$28 million in cash, plus two new shares of Creative stock for every 100 outstanding shares of Aureal stock, or 208,079 shares of Creative stock. The Creative shares are valued at approximately US$4,357,174.19, based on the closing price of Creative stock on September 21, 2000. The sale agreement follows Aureal’s previous announcement, on April 6, 2000, that it had filed for bankruptcy protection under chapter 11 of the Bankruptcy Code.
Lees ook het persbericht van Creative. Met dank aan propofol voor de tip.