TORONTO -- Tri-Vision International, the Canadian maker of the V-chip, said Tuesday that it will merge with Ottawa-based Wi-LAN Inc. as part of a CAN$108 million ($92.3 million) deal.
In 1997, Tri-Vision secured the world rights to the V-chip, a technology developed by Vancouver engineer Tim Collings to help parents screen out TV sex and violence. That discovery followed concern raised by parents and politicians in the early 1990s over depictions of sex and violence in TV programming.
The tie-up will see Wi-LAN secure access to the "V-chip", which to date has been installed in about a quarter of all U.S. digital TV sets sold and virtually all Canadian TV sets purchased.
As part of the deal, stock in Tri-Vision will be exchanged for common shares of Wi-LAN priced at CAN$1.72 ($1.47) per Tri-Vision common share.
The boards of both companies have approved the merger deal, expected to be completed in June.
"The combination of Wi-LAN and Tri-Vision will create a company that is more than the combined parts.
In 1997, Tri-Vision secured the world rights to the V-chip, a technology developed by Vancouver engineer Tim Collings to help parents screen out TV sex and violence. That discovery followed concern raised by parents and politicians in the early 1990s over depictions of sex and violence in TV programming.
The tie-up will see Wi-LAN secure access to the "V-chip", which to date has been installed in about a quarter of all U.S. digital TV sets sold and virtually all Canadian TV sets purchased.
As part of the deal, stock in Tri-Vision will be exchanged for common shares of Wi-LAN priced at CAN$1.72 ($1.47) per Tri-Vision common share.
The boards of both companies have approved the merger deal, expected to be completed in June.
"The combination of Wi-LAN and Tri-Vision will create a company that is more than the combined parts.
- 3/28/2007
- The Hollywood Reporter - Movie News
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