IMG Archives
Archives  News  3dfx Finalizes Sale of Assets  

Thursday, April 19, 2001
3dfx Finalizes Sale of Assets
11:19 AM | Michael Eilers | Comment on this story

Although this inevitable move has been a forgone conclusion for months, graphics chip maker 3dfx has formally announced the sale of their core assets to rival chipmaker NVIDIA for $55 million. Late last year 3dfx found itself unable to make headway in the cutthroat 3D card business, despite having one of the most recognizable brand names in the industry. While many industry insiders felt the company had ceased to innovate and was too late to market with their recent products, they will be missed by gamers -- especially Mac gamers who once had hopes of using their 3dfx card with Mac OS X, which is now a virtual impossibility. Here is an excerpt from the press release:

3dfx Interactive, Inc. (Nasdaq:TDFX - news) today announced that, as part of its effort to wind up its business, it has completed the sale of substantially all of its assets to NVIDIA US Investment Company, a wholly-owned subsidiary of NVIDIA Corporation (Nasdaq:NVDA - news), pursuant to an asset purchase agreement executed by the parties on December 15, 2000. At the closing, NVIDIA US Investment Company paid cash in the net amount of $55 million in accordance with the asset purchase agreement. Subject to 3dfx in the future satisfying certain additional conditions provided for in the asset purchase agreement, NVIDIA US Investment Company will also pay to 3dfx one million shares of Nvidia common stock or a combination of up to $25 million in cash and a lesser number of shares of Nvidia common stock. 3dfx is not yet in a position to announce if, or when, it will be able to satisfy these additional conditions.
It is unknown at this time what aspects, if any, of 3dfx's technology NVIDIA plans to use or incorporate into future projects. The two companies were heading in radically different directions in terms of technology (3dfx towards multi-chip solutions, NVIDIA towards single-chip programmable GPUs) at the time of the sale. One thing is for certain -- as the 3D card market shrinks to NVIDIA and ATI, the race for the "next big thing" will become even more intense. Those who spent large amounts of money on now-abandoned 3dfx products can console themselves with the thought that the next-generation cards from NVIDIA and ATI may triple or quadruple their power.

3dfx Completes Sale of Assets to NVIDIA

Other Mac Games News for Thursday, April 19, 2001

Sims: House Party for Mac OS5:18 PM
Alice Moves Into Beta Status, New Project2:22 PM
MMEP Updates, Q3Radiant on OS X1:02 PM
• 3dfx Finalizes Sale of Assets11:19 AM
Soldier of Fortune 2 .plan Started10:43 AM
Alchera Project Comes To An End10:20 AM
Red Faction Complete for PS2, Site Updates9:19 AM
Escape Velocity Nova Update8:57 AM
Diablo II Expansion Interview, Beta Starting8:51 AM
New Myst III:Exile Preview8:45 AM
Status of 3D Cards, Makers8:40 AM
MacSoft Update on Hasbro, Vampire, More8:33 AM
View all of the Mac games news for Thursday, April 19, 2001 on one page

Mac Games News for Wednesday, April 18, 2001

Minor MacMAME Update for OS X Gamers1:27 PM
Clan Lord Updated to v17712:54 PM
Applelinks Overview of Game Music Moofie Nominees12:37 PM
MacGamer's 10 Types of Gamers11:22 AM
The Future of Gaming?9:51 AM
Soldier of Fortune 2 Officially Announced (For PC)9:19 AM
Oberin Gains New Users, Forums9:01 AM
Steve Jobs Fireside Chat at WWDC8:35 AM
id Working on Quake 3 Point Release6:00 AM
Myst III: Exile Previews6:00 AM
StarCraft Cinematics DVD Available6:00 AM
View all of the Mac games news for Wednesday, April 18, 2001 on one page

Recent Mac Games News

Tuesday, April 17, 2001
Monday, April 16, 2001
Friday, April 13, 2001
Thursday, April 12, 2001
Wednesday, April 11, 2001

Search for other Mac games news stories or browse our Mac Games News Archive.

Archives  News  3dfx Finalizes Sale of Assets