D&M Holdings, Inc. In Discussions To Acquire ReplayTV And Rio Business Units Of SONICblue Incorporated

25-Mar-03

D&M Holdings, Inc. (TSE II: 6735), parent company of Denon, Ltd. and Marantz Japan, Inc., announced that it is currently in discussions with SONICblue Incorporated, a U.S. company, to acquire the assets comprising SONICblue's digital video recorder and mp3 business units. D&M Holdings has made a non-binding acquisition proposal to acquire these assets for $40 million, less up to $5 million of certain assumed liabilities to be determined by D&M and subject to further adjustments. SONICblue expects to sell its existing businesses in one or more auctions conducted pursuant to the bankruptcy proceeding it is filing in the United States, and intends to seek bankruptcy court approval of the sale of these assets to D&M Holdings. D&M Holdings and SONICblue have not entered into an acquisition agreement, and there can be no assurance that a transaction will occur.About D&M Holdings, Inc.D&M Holdings, Inc. is based in Tokyo and is the parent company of wholly owned subsidiaries Denon Ltd. and Marantz Japan, Inc. Denon and Marantz are global industry leaders in the specialist home theatre, audio/video consumer electronics, and professional audio markets, with a strong and longstanding heritage of manufacturing and marketing high-performance audio and video components. Additional information is available at www.dm-holdings.com.

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