Media 100 is planning to sell “substantially all” of its assets to Optibase Ltd., but will continue to develop, sell and support its 844/X editing-compositing systems, the Media 100 HD system, Media 100i software and other content design products. John Molinari, president and chief executive officer of Media 100, says, “The deal is timed well to support us just as we begin first shipments of our new 844/X Version 3 release and prepare to deliver our first implementation of 844/X technology on the Apple Power Mac G5 platform—Media 100 HD.” Optibase intends to provide up to US$1 million in a debtor-in-possession loan, and buy substantially all the assets of Media 100 for $2.5 million.
