3dfx To Acquire GigaPixel

3dfx Interactive Inc., a global marketer and developer of 3D technology announced today plans to buy GigaPixel Corp. for approximately $186 million. Founded in only 1997, GigaPixel is new to 3D core design. Their technology boasts capabilities of displaying high quality 3D graphics, at a low power consumption rate.

"We view the GigaPixel technology as a disruptive capability in the 3D market," claimed Scott Sellers, chief technology officer of 3dfx Interactive. According to Scott, by reducing memory requirements by up to a factor of 10, true 32-bit anti-aliased rendering at unsurpassed performance is possible. He also stated that with their combined technology, rendering 3D could be done at substantially reduced power requirements.

Under the terms of the agreement, 3dfx will obtain all outstanding shares and options of GigaPixel for approximately $186 million, to be paid in approximately 15.6 million common shares and options of 3dfx. With the two companies combined, new cost sensitive hand-held devices may start surfacing in the near future.