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The assets for Silicon Graphics can be transferred to Rackable Systems, a US court has decided.
Rackable will buy nearly all the assets of Silicon Graphics for $42.5 million in cash, a US Bankruptcy court has decided. The deal will be completed in just one week.
The CEO of Rackable, Mark J. Barrenchea, said the deal will make his company stronger. The company will have “differentiated product lines and professional services reaching commercial, government and scientific sectors on a worldwide basis.”
It seems that the final price paid for SGI is higher than the original bid of $25 million.
It’s not entirely clear yet what impact Rackable’s acquisition will have on jobs at SGI.