Nvidia buys 3DFX
6 May 2008 | 08:31 BST
Do not adjust your sets
NVIDIA HAS FINALLY completed all the outstanding matters relating to its acquisition of graphics company 3DFX.
No, this isn't Back to the Future - just this week a federal bankruptcy court threw out the last remaining lawsuit over Graphzilla's monumental acquisition from 2001.
After picking up the firm for a bargainous $112m, there were plenty of unhappy parties - including creditors of the firm who believed they didn't get a big enough slice of the pie. They brought a lawsuit against Nvidia claiming it had underpaid fraudulently to avoid paying the debts.
A court threw out those claims and said that Nvidia had acted properly - although there is still the possibility that there will be an appeal.
"A trial was necessary to fully demonstrate that we conducted ourselves appropriately in the acquisition and we are very pleased with the Decision from the Court," said David Shannon, Nvidia's senior vice president and general counsel. No doubt he was very pleased with the outcome - any fule kno that its the learned fiends that do the best out of any lawsuit, regardless of who wins. µ
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