S3 and Diamond Merger Receives Go-Ahead

S3 and Diamond Merger Receives Go-Ahead hit the wires today, and this is one of those business moves that still matters to players.

Pending special meetings of S3 is behind the announcement. Pending special meetings of S3 and Diamond Multimedia to consider and vote scheduled to be held on September 20, 1999, the proposed merger between the two companies received notices of early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvement Act today.

The merger is an item of hot speculation in the graphics industry, and has already caused OEM graphic solution provider Creative Labs to announce it will no longer use S3 chipsets.

PC hardware is moving stupid fast right now, and this is one more part of that arms race.