According to Creative, it will receive US$1 million in ten monthly instalments and take a 40% stake in Zeica Labs, the company that is buying Super X-Fi, which is used in Creative products such as the Creative Zen Hybrid SXFI headphone.
Creative Technology is selling its Super X-Fi audio technology-based assets and inventory to a company set up by an unnamed "management employee" for US$5 million.
Upon completion of the sale, Creative will book a net gain of some US$3 million and channel the proceeds to working capital.
