🚀 go-pugleaf

In article <Dpr5qB.DL9@news.uwindsor.ca>,
   szymcza@uwindsor.ca (Adam Szymczak) wrote:
>In article <4kjmma$2jo@kdcol.kdcol.com>,
>Kerry Hales <maverick@kdcol.kdcol.com> wrote:
>>VISCORP USA AND ESCOM AG ANNOUNCE LETTER OF UNDERSTANDING FOR ACQUISITION
>>OF AMIGA TECHNOLOGIES BY VISCORP</H2>
>>
>>Heppenheim, Germany and Chicago, IL, April 12, 1996 -- ESCOM AG, a German
>>computer manufacturer and reseller and Visual Information Services Corp.
>>(Nasdaq: VICP, Bulletin Board), a developer of interactive TV (ITV)
>>set-top-boxes to enhance television use and viewing by providing Internet
>>access and electronic communications function, today jointly announced that
>>a binding letter of understanding has been signed between the companies.
>>
>>The letter states that Chicago-based VIScorp would acquire Amiga
>>Technologies, including the intellectual properties of the former Commodore
>>Business Machines, excepted Commodore trademarks. The transaction value is
>>approximately US $40 million. Terms were not disclosed, and the pending
>>acquisition would be subject to approval by both companies' boards of
>>directors.
>
>This is a joke right? $40 million for AT including intellectual properties 
>(except the Commodore trademark). Gee, didn't ESCOM get the whole shebang 
>for $10 million US? Nice return on thier initial investment.
>
>Anyways, I didn't see any mention of the North American market, unless 
>Amigans are expected to buy set-top Electronic Devices to run our 
>applications ;) If it means lower prices because of higher volume, I'm for 
it.
>
>
Note that it says the transaction value is $40 million, not that VisCorp is 
paying 
that amount.  It goes on to say the terms were not revealed.  Only when you
know the terms do you know what money actually changed hands.  Right now,
the whole thing's pending.

John Bittner
Zuma Group