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February 24, 1997updated 05 Sep 2016 12:32pm

CREATIVE TECHNOLOGY INVESTS IN CAMBRIDGE SOUNDWORKS

By CBR Staff Writer

Creative Technology Ltd of Singapore has bought 19.5% of Newton, Massachusetts-based Cambridge SoundWorks Inc common stock and warrants, amounting to 5.5% of the company’s shares on a fully diluted basis, to seal a deal under which Cambridge SoundWorks will create a complete line of multimedia loudspeakers, to which Creative will have the exclusive distribution rights.

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