CNET News.com: Nvidia buys out 3dfx graphics chip businessDec 18, 2000, 07:52 (8 Talkback[s])
(Other stories by Michael Kanellos)
"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 business...."
"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."