Monday March 31 10:00 AM EST
NORTH SIOUX CITY, S.D. - Gateway 2000 says its offer to acquire the assets of AMIGA Technologies has been accepted by a bankruptcy court in Germany. The value of the offer was not disclosed.
AMIGA is a subsidiary of ESCOM, a German-based computer company that filed for bankruptcy in July 1996. AMIGA's technology combines computer graphics, animation, and film sequences with stereo sound.
Gateway 2000's purchase includes patents, trademarks and trade names.
The agreement is subject to regulatory approval.
AMIGA "will strengthen our intellectual property position and invigorate a company that has been a pioneer in multimedia solutions and operating systems technology," said Rick Snyder, Gateway 2000 president, in a statement.
AMIGA will be renamed AMIGA International. The company will operate as a separate business unit and will retain its current president, Petro Tyschtschenko, who will work to develop new products for the AMIGA market.
"Gateway 2000 will give us new life and energy for the future," said Tyschtschenko, in a statement.
Gateway 2000 is a direct marketer of personal computers. It shipped 1.9 million systems in 1996 and reported revenues of $5 billion.
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