ReplayTV Put on Auction Block - Multichannel

ReplayTV Put on Auction Block

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It looks like ReplayTV will be available to the highest bidder after all.

After filing Chapter 11 bankruptcy late last month, parent company SONICblue
Inc. has not able to pull together a deal to sell the digital-video-recorder
unit, along with its Rio MP3 business, to Japanese electronics provider D&M
Holdings Inc. The deadline to consummate the $40 million deal passed with no
final agreement.

"While we worked very hard with the D&M team over the past few weeks, we
were just not able to finalize all of the needed terms before the court-set
deadline," SONICblue CEO Greg Ballard said in a prepared statement.

"Our relationship with D&M is still strong, and we anticipate that they
will participate in the court-run action process in April," he added.

SONICblue also wasn't able to wrap up a deal to sell its GoVideo DVR unit to
Opta Systems LLC for $12.5 million. That unit is headed for auction
Friday.

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