VIScorp Finalizes Deal to Buy Amiga Technologies

June 24, 1996 - The Wall Street Journal reported today that VIScorp (Nasdaq: VICP) has finalized the deal to buy the Amiga Technologies unit from Germany's beleaguered PC maker, Escom AG. The amount of the transaction was listed at $40 million in cash and comapany stock.

According to the WSJ, VIScorp stated in their press release that the purchase includes all of AT's staff and property, including existing components and finished goods as well as the properties of the former Commodore group. The one exception was the "Commodore" name and trademarks.

A company spokesman was cited as saying that Amiga Technologies will continue to coordinate the production and distribution of Amiga computers at AT's headquarters in Bensheim, Germany and that the deal is expected to close in late July.

VIScorp stock finished up 3/8ths on the news, closing at 11 1/8.

Copyright 1996, CUCUG

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