News Brief
ReplayTV Sold to D&M Holdings
Apr 28, 2003, 12:00 AM
SONICblue Inc. said D&M Holdings Inc. was the successful bidder in bankruptcy court auctions for SONICblue's ReplayTV and Rio business units, with a combined purchase price for both units of $36.2 million.
"We believe that ReplayTV and Rio are the perfect complement to our existing product line. Not only will we leverage the technology to enhance our existing products, we plan to grow and extend our customer base by adding the ReplayTV and Rio lines to our product portfolio," said Tatsuo Kabumoto, CEO/president of D&M Holdings.
SONICblue CEO Gregory Ballard said the deal meant that the product lines could continue in the marketplace. "Many if not most of our employees will continue their work and our customers will continue to enjoy Rio and ReplayTV in their homes," Ballard said.
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