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December 10, 1997 - ENSONIQ, a world leader in audio technology, today
announced that is has entered into an agreement to be acquired by Creative Technology Ltd.
Creative, based in Singapore, is the worlds’ leading provider of multimedia
technology for the personal computer. This strategic acquisition will enable ENSONIQ and
Creative to extend their reach in the PCI audio segment of the PC OEM and PC motherboard
markets. Creative’s corporate headquarters and primary manufacturing are based in
Singapore, with sales, distribution, and research and development
being carried out though
an extensive, global network of subsidiaries located in North America, Europe, Asia, and
Africa. ENSONIQ is a key innovator in the design and development of PCI audio microchip
technology and has strong brand recognition associated with its line of electronic musical
instruments.
Per the acquisition, which was signed on Tuesday, December 9, 1997, Creative will pay
up to US$77 million in cash for ENSONIQ . The closing of the transaction is subject to the
receipt of regulatory approval.
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