Sony and Philips Join in the Acquisition of InterTrust
Quoted from… intertrust.com/main/home/press/2002/021113_acquisition.html
Sony and Philips Join in the Acquisition of InterTrust
SANTA CLARA, Calif., November 13, 2002 -- InterTrust Technologies Corporation (Nasdaq: ITRU) the leading inventor of digital rights management (DRM) and trusted computing technologies, announced that it has executed a definitive merger agreement with Fidelio Acquisition Company, LLC, a company formed by Sony Corporation of America, Royal Philips Electronics, and certain other investors. Under the merger agreement, Fidelio will acquire InterTrust for approximately $453M cash on a fully diluted basis…
By supporting the acquisition of InterTrust, Sony and Philips, two great, global technology companies, are clearly endorsing the importance of InterTrust’s broad, trusted computing/DRM patent portfolio…
This transaction will promote the development of digital media and commerce. Through more widespread deployment of our inventions, consumers and businesses will benefit from the
secure distribution of digital content…
Not the cachet of Napster, but equally worrisome…
