Creative Sells Wireless Audio IP BV Shares, Expect US$4.8 million Profit ~ Creative Labs Zen MP3 Players Sound Blaster Card
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Thursday, June 17, 2010

Creative Sells Wireless Audio IP BV Shares, Expect US$4.8 million Profit



Creative is selling its assets to raise fund. I hope to see the end of these divestments and the start of acquiring companies and assets again.

Creative Technology Ltd (“Creative”) today announced that it has divested its entire interest in an associated company, Wireless Audio IP BV, a fabless audio chip vendor.

The consideration to be received by Creative for this divestment is US$5.3 million in cash, which was arrived at on a willing-buyer, willing-seller basis.

Creative expects to recognize an investment gain of approximately US$4.8 million from this divestment in the current quarter ending 30 June 2010.

4 comments:

Anonymous said...

It shows that the intrinsic value of creative is much more than book value of S$6+. The day they do major acquisitions will be years away...ziilabs worth at least US$1billion according to sim.

Anonymous said...

Mediabook likely to have 3g or 3.5g support, tie up with spore telcos. Or it will be pretty useless.

Anonymous said...

Zen 32gb was selling quite well in the US. Unfortunately, out of stock.

Anonymous said...

If mediabook offers a version for kids, this is a potential competitor:
http://shop.leapfrog.com/leapfrog/jump/Leapster-Explorer%22-Learning-Experience/productDetail/Leapster-Explorer-Handhelds/LEAPSTEREXPLORER39100/cat300009?categoryNav=false
My bet on Argentina is still on.

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