Original URL: https://www.theregister.com/1999/06/16/3dfx_still_tipped_to_buy/

3Dfx still tipped to buy S3

Speculation mounts big time despite UMC money

By Mike Magee

Posted in On-Prem, 16th June 1999 10:41 GMT

Sources close to 3Dfx emphasised today that the company is still interested in buying up S3, despite money the latter received yesterday from Taiwanese foundry UMC. In a tidying up operation, S3 will receive one UMC share for every one of its 252 million shares of USC stock. That places S3's capitalisation at an estimated $500 million. While 3Dfx capitalisation is around $250 million, there is an extra $600 million of STB capitalisation in the pot. Our sources say the talks between S3 and 3Dfx are now on, "with a vengeance". ®