"Graphics chipmaker Nvidia bought out one-time rival 3dfx
Interactive on Friday, another landmark in the consolidation of the
graphics hardware industry."
"Under the terms of the agreement, Nvidia will give 3dfx $70
million in cash and 1 million shares of common stock for the
patents, brand names, and current inventory relating to 3dfx's
graphics chip business. In addition, a patent infringement suit
between the two companies will be dismissed when the transaction is
closed. Nvidia will not acquire 3dfx's graphics board
"3dfx was a favorite company of gamers in the mid-1990s, but the
company then delayed a few products and received tepid reviews for
others, crimping sales. In recent years, the company changed CEOs
and began laying off employees."
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