He that sups with the devil needs a long spoon - Chaucer
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Asus swaps shares to get into camera biz
Snap, crackle and pop
Wed Jul 25 2007, 12:04
GIANT TAIWANESE CORP Asus will take a 13 per cent share into digicam firm Ability.
That will give Asus the chance to diversify its business by getting into the OEM business.
It's a share only transaction - for every 1.71 shares Asus gets of Ability shares, the cam company will get one. And Asus will issue nearly 30 million new shares to account for the deal. µ
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