Author Topic: OCZ files for bankruptcy  (Read 1408 times)

Offline Fujitsu

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OCZ files for bankruptcy
« on: November 28, 2013, 08:05:34 AM »
If you are much of a computer hardware enthusiast you've probably used a part or two from OCZ over the years as they've been a big player in the memory market and more recently a big player in the SSD market. Unfortunately OCZ has announced that they are filing for bankruptcy and have received an offer from Toshiba to buy their assets which would effectively put an end to the OCZ as we all know it. You can read the entire statement over at OCZ's website.

   The Company has received an offer from Toshiba Corporation to acquire substantially all of the Company's assets in a bankruptcy proceeding. The parties have substantially completed negotiations on an asset purchase agreement and OCZ believes that all the material terms have been agreed to. The agreement is subject to various conditions: the preservation of the value of the business, including the retention of employees, the negotiation and execution of definitive documentation, the filing of bankruptcy petitions by the Company and certain of its subsidiaries

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