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Article: NeoMagic(R) Corporation Announces New Investors and Board Members.
- Article from:
- PR Newswire
- Article date:
- October 15, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAN JOSE, Calif., Oct. 15 /PRNewswire-FirstCall/ -- NeoMagic Corporation (Pink Sheets: NMGC) and an investor group led by Bluestone Financial, Ltd. announced today that they have entered into a Stock Purchase Agreement. Under the terms of the agreement, the investor group will acquire a controlling interest in the Company to provide a new foundation for growth and innovation. Bluestone Financial's investor group also includes Mediastone LLC and Attiva Capital Partners, Ltd. As part of this transaction, NeoMagic also announced three new members to its Board of Directors.
In their stock purchase agreement, Bluestone, Mediastone and Attiva, collectively the ...