Tech Company M&A Transactions
Gigle Semiconductor Acquisition
On 11/23/2010, Gigle Semiconductor was purchased by Broadcom. Broadcom disclosed that the acquisition price was $75 million.
Transaction Overview
Company Name
Acquired By
Announced On
11/23/2010
Transaction Type
M&A
Amount
$75,000,000
M&A Terms
In connection with the acquisition, Broadcom expects to pay approximately $75 million to acquire all of the outstanding shares of capital stock and other rights of Gigle Networks. The purchase price will be paid in cash, except that holders of unvested employee stock options will receive Broadcom equity awards.
Company Information
Company Status
Acquired or Merged
Industry
Semiconductors
Mailing Address
255 Shoreline Drive 550
Redwood City, CA 94065
USA
Redwood City, CA 94065
USA
Phone
Website
Email Address
Overview
Gigle is developing system-on-chip integrated circuits for multimedia home networking using any of the existing wires in the home -- the power lines, coaxial cables or phone lines. Such networks will transform the way we view movies and television broadcasts, listen to music, access information, and play games.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Juan Riveiro
Chief Technical Officer
Jed Hurwitz
VP - Bus. Development
Michael Wilson
VP - Operations
Hakan Fouren
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Our team works diligently to report on every notable VC transaction. VC investment data records reported here are sourced from company press releases and news coverage. The data is sourced from VentureDeal.com, an affiliated venture.
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