D&M Holdings Inc. Completes Acquisition Of ReplayTV And Rio Business Units

28-Apr-03

D&M Holdings Inc. (TSE II: 6735), parent company of Denon, Ltd. and Marantz Japan, Inc., announced that it has completed the acquisition of the digital video recorder and MP3 business units of SONICblue Incorporated, a U.S. company. D&M Holdings purchased those assets, which include the ReplayTVÆ and RioÆ brands, for $36.2 million. The acquisitions were approved Friday by a U.S. Bankruptcy court judge in San Jose, California. D&M Holdings purchased inventory, receivables, intellectual property, and capital equipment. The company also assumed selected contractual relationships and liabilities. The business units acquired from SONICblue will be part of D&M Holdings' new digital group known as Digital Networks North America, Inc. (DNNA). DNNA will drive the strategy and develop the core technologies that will enable the brands within D&M Holdings to become the leaders in the emerging entertainment-based home networking market.For more information about D&M Holdings, visit www.dm-holdings.com.

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