View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
April 29, 1997updated 05 Sep 2016 12:29pm

SAMSUNG BUYS OUT 3DO’S HARDWARE SYSTEMS BUSINESS FOR $20M

By CBR Staff Writer

Samsung Electronics Co Ltd is buying 3DO Co’s hardware systems business for $20m in cash. The sale completes 3DO’s hardware sell off and transformation into a console game software company announced last September (CI No 3,000). The deal was touted as a joint venture in January of this year (CI No 3089), but a sale transaction was deemed better for both companies because we could each be more focused on our key competencies, 3DO said. Samsung will form a new company in Silicon Valley focusing on multimedia systems and semiconductor products. Around 75 staff now in 3DO’s hardware systems business will be offered jobs in the Samsung set-up. 3DO farmed its M2 games system out to Matsushita Electrical Industrial Co Ltd last year in a $100m agreement as part of its shift out of hardware.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU