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Bankrupt Sonicblue Sells GoVideo Unit to Opta Systems

Authored by Mark Hefflinger on April 7, 2003 - 3:04am.
Santa Clara, Calif. -- Bankrupt consumer electronics firm Sonicblue announced on Monday that Opta Systems, an investment and development company, was the successful bidder for its GoVideo business unit. Previously, Santa Clara, Calif.-based Sonicblue said it had signed an agreement to sell GoVideo, which produces such products as a dual-deck VCR and DVD/VCR combinations, to Opta for $12.5 million. Last week, Sonicblue said a deal to sell its ReplayTV and Rio business units to a holding company operated by Japanese electronics firms Denon and Marantz had fallen though. Those units will be sold in two separate auctions on April 15.
tags: Bankrupt | Sonicblue | GoVideo | Opta |