3dfx Denies Nvidia Buyout
4:32 PM | Lucian Fong | Comment on this story
Late last week, rumors that Nvidia would acquire rival graphics chipmaker 3dfx (and later ATi) quickly circulated the Internet after speculation by a BusinessWeek article. MacWeek contacted Bubba Wolford, 3dfx's senior PR specialist, to set the story straight. Here is a clip from the article:
"The rumors are not true," said 3dfx senior public relations specialist Bubba Wolford. "No one from Nvidia is speaking to us." To underline his point, he added: "3dfx has no interest in being bought out, and no one here is interested in working for Nvidia." A buyout of 3dfx by Nvidia would create an interesting scenario, but for now it looks like it's all rumor.
MacWeek: 3dfx: "We're Not For Sale"
Wolford told MacWEEK that no one from Business Week called 3dfx to verify the story.
The Business Week story suggested that 3dfx, with a market capitalization of only $120 million, would be an attractive target for three reasons: Nvidia could remove a competitor; gain chip technologies that 3dfx obtained as part of its March 2000 acquisition of GigaPixel; and settle a patent lawsuit in which 3dfx recently won a favorable ruling. Nvidia's market capitalization is $4 billion.
BusinessWeek: 3dfx: "A Potential Home Run"
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