Co. to sell its ReplayTV, Rio businesses at an auction
SAN JOSE, Calif. — Sonicblue, the bankrupt maker of television recording devices, has sold its GoVideo business to Opta Systems for $12.5 million.
U.S. Bankruptcy Judge Marilyn Morgan on Friday approved the sale, which was announced last month when 10-year-old Sonicblue filed for bankruptcy protection.
The sale of GoVideo, a line of integrated DVD and VCR players, was brokered by former executives of Sensory Science Corp., which developed GoVideo before Sonicblue purchased it in June 2001 for $20.5 million.
In addition to making digital video recorders under the Replay brand, Sonicblue also made Rio digital audio players that let users play songs copied from the Internet or CDs. It will sell its ReplayTV and Rio businesses at an auction April 15.
A deal for Japan-based D&M Holdings to acquire the Rio and ReplayTV businesses from Sonicblue for $40 million fell apart after the companies failed to reach an agreement before a court deadline. D&M said in a statement that it is still interested in the businesses.