Tech Company M&A Transactions
Chipidea Acquisition
Chipidea, operating out of Porto Salvo, was purchased by MIPS Technologies. The companies indicated that total deal value was $147 million.
Transaction Overview
Company Name
Acquired By
Announced On
8/27/2007
Transaction Type
M&A
Amount
$147,000,000
M&A Terms
Under the terms of the transaction, MIPS Technologies will pay an aggregate of $147 million in cash, with an additional performance-based milestone payment of 610,687 shares of MIPS Technologies' common stock in 2009. At today's closing, MIPS Technologies will make an initial payment of approximately $120 million from its current cash reserves with the balance released from escrow within two years subject to an indemnification holdback and deferred payments for the Chipidea co-founders remaining with the company.
Company Information
Company Status
Acquired or Merged
Industry
Semiconductors
Mailing Address
Avenida Dr. Mrio Soares 33 TagusPark
Porto Salvo, 2740-119
Portugal
Porto Salvo, 2740-119
Portugal
Phone
Website
Email Address
Overview
Chipidea is the world's number one analog/mixed-signal merchant technology supplier targeting fast-growing market segments like wireless communications, digital media and consumer electronics.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jose Franca
Chief Financial Officer
Sérgio Dias
Chief Technical Officer
Carlos Leme
Co-Founder
João Vital
General Manager
José Moniz
Vice President
Nuno Ramalho
VP - Bus. Development
Sergio Kusevitzky
VP - Operations
Seng Pan U
VP - Sales
Didier Lacroix
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