*NEWS*IMATION BUYS EXABYTE STAKE !

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*NEWS*IMATION BUYS EXABYTE STAKE !

 user 2003-11-10 at 10:08:00 am Views: 75
  • #8393

    Headline: Imation buys Exabyte stake
    Date: 10 Nov 03

    10 November 2003 – Oakdale (MN): Imation has unveiled details of a $20 million investment in tape backup systems company Exabyte.

    The Deal gives Imation exclusive global marketing and distribution rights to Exabyte’s products as well as an equity investment, which is said to represent “less than 5% of total equity”.