Creative Gets More 3D Labs

Creative Technologies will increase its shareholdings in 3D Labs, according to a statement released by the two companies. Creative, which has held a stake in 3D Labs since 1994, will increase its holding by issuing a five-year convertible subordinate note for the amount of $7.5 million. "When we first established our relationship with Creative six years ago, we were impressed with their far-ranging vision. We are pleased with this increased investment which will help leverage our intellectual property in emerging Internet applications," said 3D Labs President and CEO Osman Kent. Creative's holds approximately 1.8 million shares of 3D Labs.