NVIDIA Subsidiary
Completes its Purchase of Certain 3dfx Graphics
Assets
NVIDIA(R)
Corporation (Nasdaq:NVDA) announced today that
its wholly owned subsidiary, NVIDIA US Investment
Company, completed its purchase of certain
graphics assets of 3dfx Interactive
(Nasdaq:TDFX).
On
December 15, 2000, NVIDIA US Investment Company,
NVIDIA and 3dfx signed an asset purchase
agreement for NVIDIA US Investment Company to
purchase from 3dfx certain graphics assets, which
include, but are not limited to, patents, patent
applications, trademarks, brand names and other
graphics related assets. At the closing, NVIDIA
US Investment Company paid $55 million in cash to
3dfx. Subject to the satisfaction of certain
additional conditions, 3dfx may receive
additional consideration from NVIDIA US
Investment Company in the form of cash and/or
shares of Common Stock of NVIDIA Corporation. As
a result of today's closing, the patent
infringement litigation between NVIDIA
Corporation and 3dfx will be jointly dismissed
with prejudice.
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