Creative Technology Completes Acquisition of 3Dlabs Inc., Ltd.

Creative Technology Completes Acquisition of 3Dlabs Inc., Ltd.

SINGAPORE, May 16 /PRNewswire-FirstCall/ -- Creative Technology Ltd. (NASDAQ:CREAF), the worldwide leader in digital entertainment products for users of the personal computer and the Internet, today announced that it has completed the acquisition of 3Dlabs Inc., Ltd. (NASDAQ:TDDD). The trading of 3Dlabs common shares will be suspended before the opening of the market on May 16, 2002.

Under the terms of the scheme agreement and scheme of arrangement, Creative will distribute U.S.$1.20 in cash and will issue 0.205 of a Creative ordinary share in exchange for each 3Dlabs common share outstanding. Based on the approximately 30.8 million 3Dlabs common shares outstanding as of the closing that are not already owned by Creative Technology, Creative is paying approximately $37.0 million cash and will issue approximately 6.3 million Creative shares for the acquisition.

About Creative

Creative is the worldwide leader in digital entertainment products for users of personal computers and the Internet. Famous for its Sound Blaster(R) sound cards and for launching the multimedia revolution, Creative is now driving digital entertainment on the PC platform with products like its highly acclaimed NOMAD(R) Jukebox. Creative's innovative hardware, proprietary technology, applications and services leverage the Internet, enabling consumers to experience high-quality digital entertainment -- anytime, anywhere.

www.creative.com

About 3Dlabs

3Dlabs is the workstation graphics authority, supplying graphics accelerator solutions for professionals in Computer Aided Design (CAD), Digital Content Creation (DCC), and visual simulation markets. Its award-winning Oxygen and Wildcat graphics are available in the industry's top OEM workstations, to the channel through an international distributor/reseller network, and directly to end-users at 3Dlabs' online store.

www.3dlabs.com

 

Sponsored Links

AnyDWG Offers DWG to PDF, DWG to DXF, PDF to DWG, DWG to JPG, PDF to DXF Converters

AutoDWG offers DWF to DWG, DWG to PDF , PDF to DWG, DWG to Flash Converters, DWG Viewer.

eCampus.com Get your stuff for College... Cheap! Textbooks, Greek Gear, DVD's, University Clothing, Computers and MORE!

Access Your PC from Anywhere Free Trial plus 10% Off!