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acquisition posts

InFocus acquired by Image Holdings Corporation for $39 million

by Richard Lawler posted Apr 14th 2009 at 3:38PM


In a move that hopefully helps it bring home more of those slick Play Big projectors, InFocus is going to be acquired by Image Holdings Corporation for the tidy sum of $39 million, or $0.95 per share. The merger is expected to close in the second quarter, making InFocus a wholly-owned subsidiary of IHC,a company controlled by John Hui, one of the founders of eMachines. InFocus prez Bob O'Malley is saying all the right things, that its commitment to delivering innovative projectors hasn't changed, and since the company has made moves from expensive SD front projectors to the "knee" of the price/performance bend, we're willing to give them some time to figure it out.

Meridian picks up Sooloos, and isn't telling anything more

by Steven Kim posted Dec 8th 2008 at 9:13AM

Meridian Sooloos
In tough economic times, it's not unusual to see consolidation among companies as big fish gobble up smaller ones. We didn't really see Meridian's acquisition of Sooloos in our crystal ball, but there's some definite synergy going on here; with Meridian's adoption of SpeakerLink for ethernet distribution of control and data and Sooloos' 17-inch Control:One touchscreen, there's some interesting possibilities. One thing's for sure, the two companies are targeting the same affluent, tech-lifestyle crowd; but we're all left to speculate. Meridian didn't disclose any immediate plans, let alone terms of the deal -- we're guessing some number of $3000 F80s was involved.

Sonic Solutions signs on to acquire CinemaNow

by Darren Murph posted Nov 20th 2008 at 4:01PM


Now here's a couple that really makes sense. Sonic Solution's fancy schmancy burn technology is already used on Qflix-enabled DVD burners, and those very drives are used to toast CinemaNow movies. See the connection? Do ya? Obvious similarities aside, Sonic really has entered into a "definitive agreement" to acquire CinemaNow, and after the deal goes down, CinemaNow will combine with Sonic's Qflix team to form "a new Premium Content Group under the direction of Mark Ely, Sonic's EVP of Strategy." The reason? To increase the placement of CinemaNow's storefront on PCs and consumer electronics devices, all while "expanding the adoption of the Qflix technology platform." We hope Sonic scored this company for a song, 'cause even with our blinders on, we just can't see Qflix becoming the next big thing. Nor the next, next big thing.

ATMC Cable acquires Tele-Media, 1,100 subscribers to be switched over

by Darren Murph posted Jul 6th 2008 at 12:55AM

North Carolina-based ATMC Cable has just acquired another local cable company, Tele-Media. The agreement will see "the majority of Tele-Media's cable television assets in Brunswick County" becomes ATMC's, and all areas currently served by Tele-Media (save for Bald Head Island) will soon be served by a new master. That means that just over 1,100 customers in the Bricklanding, Shell Point, Holden Beach / Seashore Road and Sunset Harbor / River Run areas will be affected, but judging by the way ATMC has been rolling high-def options out of late, we don't suspect anyone will complain. As it stands, the deal should close in early July, with another 75 - 90 days before the conversion is complete.

Blockbuster offers to buy, um, Circuit City: digital downloads be damned!

by Thomas Ricker posted Apr 14th 2008 at 6:20AM


Huh? Blockbuster just made public its February 17th offer to purchase Circuit City for $6 to $8 per share. As of this morning, Circuit city has not provided the requested due diligence necessary to move the deal forward. As such, Blockbuster is pulling a Microsoft and making the proposal public in hopes of inciting shareholders. They've even gone so far as to publish an open letter from Blockbuster CEO Jim Keyes to Phil Schoonover, CEO of Circuit City. Really, is this how all corporate affairs will be conducted in the future guys? What really boggles the mind though is Blockbuster's quest for even more brick-and-mortar as digital downloads begin to take off. Hit the read link for the full contents of the letter.

[Via I4U]

Sigma Designs acquires Gennum's VXP image processing business

by Darren Murph posted Feb 14th 2008 at 3:38PM

It was pretty much a done deal already, but now the final bit of paperwork has apparently been pushed. Sigma Designs has finally completed its acquisition of Gennum's VXP image processing business, which will enable it to "acquire assets of the VXP group including, but not limited to, products and intellectual property." As part of the deal, some 46 employees will be joining Sigma Designs -- oh, and Sigma's pocket book will be getting $18 million lighter, too.

[Via Widescreen Review]

ReplayTV changes hands again, acquired by DirecTV

by Ryan Block posted Dec 13th 2007 at 12:32AM


DirecTV just did itself a solid and picked up the pre-TiVo DVR company, ReplayTV, from parent company D&M. We don't know what all bundle of valuable time-shifting IP and patents wound up being worth in the form of an acquisition price tag, but it's got to be a pretty penny -- especially to a company like DirecTV, which has watched its peers have a prickly run-in or two with TiVo and its heavyweight "time warp" patent. Something tells us the brand will probably only live on in legacy alone, though. We just can't see much reason for DirecTV to bother carrying on with the half-assed comeback ReplayTV's been trying to make over the past couple of years.

[Via Zatz Not Funny]

Planar dives head first into high-end home theater market by acquiring Runco

by Darren Murph posted May 23rd 2007 at 5:14PM Breaking News


Joining the growing array of recent acquisitions is Planar and Runco International, as just today Planar has written a check for $36.7 million to take on the assets of privately-held Runco International, Inc. Planar, while not a household name in the home theater biz, managed to hold its own amongst competitors in the HT market, and while the majority of its products catered to the mid-range consumer, we suspect that picking up Runco was the easiest way to launch into the high-end realm. As expected, it looks like the Planar, Runco, and Vidikron brand names will remain as they are, and just as Planar will continue to sell through its current network of distributors, it sure sounds like Runco will remain a niche offering rather than bleeding over towards the mainstream.




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