Thread View: fr.comp.sys.amiga
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Started by Rivier thierry
Tue, 16 Apr 1996 13:03
**AT Vendu Pour 40 M$****
Author: Rivier thierry
Date: Tue, 16 Apr 1996 13:03
Date: Tue, 16 Apr 1996 13:03
58 lines
3293 bytes
3293 bytes
Escom vend Amiga Technologie a Viscorp Pour 40m$
Article de gilles bourdin :
VISCORP USA AND ESCOM AG ANNOUNCE LETTER OF UNDERSTANDING FOR ACQUISITION OF
AMIGA TECHNOLOGIES BY VISCORP
Amiga Technologies GmbH
11 Apr 96, from Gilles Bourdin
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 intended acquisition is part of VIScorp's strategy to build
market leadership in the fast-growing field of ITV", said William
Buck, Chief Executive Officer. "As a result, we would own Amiga
intellectual properties, including several that are currently used
in our set top-box, Electronic Device (ED(). We would also have
control over the supplied chip sets used in ED as well as Amiga
inventories and access to the company's current sales and
distribution channels."
Commenting the proposed acquisition, Helmut Jost, chief executive of ESCOM
AG, said: "VIScorp has a clear vision of the Amiga technology potential for
ITV applications. We are eager to support and work together over the term of
the letter of understanding to ensure a smooth transition between the two
companies. VIScorp anticipates the support of ongoing European sales of
popular models such as the A4000T and the A1200 as well as the current
developments and future releases of Amiga Technologies."
Petro Tyschtschenko, president of Amiga Technologies stated "I am looking
forward to being able to take advantage of the research and development
support potential that an Amiga-related company like VIScorp can provide."
Commenting that the primary objective of the proposed acquisition is to give
VIScorp full access to the Amiga technology to support development of its
ITV device, Mr. Buck noted: "Our intention is to rapidly develop and begin
manufacturing TV set-top interactive boxes -- products that give home users
capabilities such as telephone reception and dial up capabilities,
facsimile, video games, pay-per-view options, electronic mail, and access to
on-line services, including the Internet."
Product names mentioned herein may be trademarks and/or registered
trademarks of their respective companies.
VISCORP will AMIGA TECHNOLOGIES von ESCOM =FCbernehmen
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