wrpspeed opened this issue on Jun 16, 2004 ยท 168 posts
hauksdottir posted Thu, 17 June 2004 at 1:25 AM
The statement that they are "leveraging their assets" usually means that something they own is being sold to someone else. That "something" could be the entire company, could be their catalog of merchandise, could be that web-art-snagging site, or could be the as-yet-unfinished DAZ|Studio. I doubt if Newtek will buy them outright... what use would they have in a rendering application when they already own Lightwave? Being bought by a game company, OTOH, could be mutually beneficial (but I have a hard time visualizing the merger of such disparate corporate cultures). DAZ has been present at the last 4 Game Developer Conferences, and is interested in that market segment. Leveraging assets can also mean a merger with shares of the non-public company given up for shares of the public company. This can save all sorts of filing fees and legal hassles. Carolly