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December 2, 1997updated 01 Sep 2016 4:48pm

NEC UPS VIDEOLOGIC STAKE

By CBR Staff Writer

UK-based graphics chip designer VideoLogic Group Plc has received a $2.2m investment from NEC Corp. VideoLogic will issue 2.3 million new common shares at a price of 56.5 pence ($0.95). The new investment gives NEC an additional 1.5% of VideoLogic, taking its total stake to 3.5%.

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