Tech Company M&A Transactions
PortalPlayer Acquisition
PortalPlayer, operating out of San Jose, was acquired by NVIDIA. The parties disclosed the acquisition price to be $357 million.
Transaction Overview
Company Name
Acquired By
Announced On
11/6/2006
Transaction Type
M&A
Amount
$357,000,000
M&A Terms
Under terms of the agreement, NVIDIA will pay $13.50 in cash for each outstanding share of PortalPlayer common stock, which represents a total purchase price of approximately $357 million, or approximately $161 million net of cash on PortalPlayer's balance sheet as of September 30, 2006.
Company Information
Company Status
Acquired or Merged
Industry
Internet & IoT
Mailing Address
70 W. Plumeria Drive
San Jose, CA 95134
USA
San Jose, CA 95134
USA
Phone
Website
Email Address
Not Recorded
Overview
PortalPlayer develops semiconductor, firmware and software platforms for portable multimedia products such as personal media players, and secondary display enabled notebook computers and personal wireless entertainment devices.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Gary Johnson
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We report on every notable VC transaction. VC investment data records reported here are sourced from a variety of public sources. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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